Jakarta (ANTARA) – 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 consumption. So we must empower and maintain that,” he remarked.He said the manufacturing and export sectors would be the most affected due to higher production and logistics costs. Nevertheless, the impact would not be limited to Indonesia, as it would be global in nature.Therefore, the government’s second strategy is to boost exports to markets relatively unaffected by the conflict. Diversifying export destinations is considered crucial to maintaining trade momentum amid global uncertainty.The government, he added, will maximize various stimulus measures that have been prepared, particularly ahead of the Eid al-Fitr holiday season, while encouraging collaboration with the private sector to sustain domestic economic activity.“We will anticipate this and safeguard the positive momentum. Moreover, with Eid approaching, there are many stimulus measures provided by the government. We will continue joint efforts with the private sector to increase purchasing power in the domestic market,” he said.