Jakarta, June 19 -- The Indonesian government is closely monitoring the impact of the newly signed peace agreement between the United States and Iran on domestic fuel price adjustments, particularly non-subsidized fuel.

Coordinating Minister for Economic Affairs Airlangga Hartarto noted that the anticipated reopening of the strategic Strait of Hormuz will be a primary factor considered during the evaluation of domestic fuel pricing.

"With the reopening of the Strait of Hormuz, we will see price adjustments again," Airlangga said at the Presidential Palace Complex here on Thursday (June 18).

However, he emphasized that the impact of the peace accord on local fuel prices will not be automatic, as the government still needs to observe the...