Jakarta, March 2 -- Trade Minister Budi Santoso emphasized that the government has prepared several anticipatory measures to mitigate the global economic impact of escalating attacks by the United States and Israel on Iran.

Speaking at the Trade Ministry office here on Monday, Santoso said that previous conflicts between Iran and Israel had not significantly affected Indonesia's economy.

However, he noted that if the escalation were to lead to the closure of the Strait of Hormuz, global oil prices could surge. Rising energy prices would directly affect production costs, transportation, and consumer goods prices.

"Certainly, oil or raw material prices would increase. However, our economic growth is largely supported by domestic consumpt...