Business · Economy · 1 hr ago
Indonesia Monitors Economic Impact of Democrats’ US Midterm Wins
Indonesia is monitoring the effects of the US midterm elections on the economy and global affairs.
Democrats won control of both the House of Representatives and the Senate, which had been controlled by Republicans under President Donald Trump.
Indonesia’s economic affairs minister, Airlangga Hartarto, said the shift could change global economic and geopolitical policies.
He pointed to interest rates, inflation and growth forecasts as factors affecting markets.
Oil prices reached US$117 a barrel at the end of October, but Indonesia’s energy purchase prices are around US$93, which Airlangga said the state budget can absorb through year-end.
CNN Indonesia said oil prices fell after the election as markets considered whether Trump might have less room for military action over Iran.
An oil analyst said markets are weighing the chances of the Iran war ending, which could restore oil supplies from the Middle East.
Indonesia is monitoring the potential effects of Democrats’ gains in the US midterm elections on the global economy and geopolitics.
Economic Affairs Coordinating Minister Airlangga Hartarto said Democratic control of both chambers of Congress could change policy dynamics.
Airlangga cited global interest rates, Treasury yields, inflation, growth forecasts and oil prices as indicators under close watch.
He said energy costs for Indonesia remained within the safe limits of the state budget.
CNN Indonesia reported that expectations of a possible easing of tensions with Iran had contributed to lower oil prices.
- Who
- The Indonesian government, represented by Economic Affairs Coordinating Minister Airlangga Hartarto, is monitoring the impact.
- What
- Indonesia is assessing how Democrats’ US midterm wins could affect global economic and geopolitical policies.
- When
- Airlangga discussed the issue on Thursday, November 5, 2026, after the US midterm elections on November 3.
- Where
- Airlangga spoke at a press conference in Jakarta, Indonesia.
- Why
- Democratic control of both chambers of Congress could change global policy dynamics and affect markets.
This story does not have two clearly opposing sides.
The US midterm elections were held, and Democrats won control of both chambers of Congress, according to Tempo EN.
Two Reuters sources said the political shift gave Donald Trump a greater incentive to seek a peace deal and made a full-scale attack on Iran seem less likely.
Airlangga said Indonesia was monitoring the election’s potential effects on global economic and geopolitical policies.
CNN Indonesia reported that Brent and WTI futures had fallen during Thursday’s early trading.
- Democratic House seats
- Approximately 240–245
- Democratic Senate seats
- 54
- Federal Reserve rate range
- 3.75–4 percent
- 10-year US Treasury yield
- 4.86 percent
- Global inflation forecast
- 4.7 percent this year, expected to fall to 4.1 percent next year
- Oil price reported by CNN Indonesia
- Brent at US$93.65 a barrel and WTI at US$86.98 a barrel during early Thursday trading
3 sources
What people are saying
We see that both Congress and the Senate are controlled by the Democrats. This will certainly impact global economic and geopolitical policies.
So, until the end of the year, the relative energy fluctuations will be absorbed by the APBN.
The market is reassessing the impact of the midterm elections on Trump’s next steps regarding the Iran war and factoring in a greater chance of the war ending.