Jakarta (ANTARA) – Coordinating Minister for Economic Affairs Airlangga Hartarto said the escalating conflict involving the United States (US), Israel, and Iran has disrupted global oil supplies and driven up energy prices worldwide.The development follows Iran’s move to close the Strait of Hormuz, a key route for global oil distribution.“If it is related to Iran, oil supply will certainly be disrupted due to the Strait of Hormuz, not to mention the Red Sea. So we will see how long this situation continues,” he said when met in Jakarta on Monday.In response, Hartarto said the government has anticipated potential supply disruptions by securing import sources from outside the Middle East.He noted that this step includes a memorandum of understanding signed between state energy firm PT Pertamina (Persero) and several United States oil and gas companies.“The government already has an MoU to secure supplies from outside the Middle East. For example, Pertamina recently signed an MoU with partners in the United States,” he said.When asked whether geopolitical tensions would affect economic growth, the minister said the impact would largely depend on the duration and intensity of the conflict. He added that, in addition to oil supply, the logistics and tourism sectors could also face risks.Regarding the possibility of higher domestic fuel prices, Hartarto acknowledged that energy prices tend to rise during periods of conflict, citing the Russia-Ukraine war as an example.“Fuel prices will automatically rise, similar to the situation during the Ukraine war. However, this time supply from the United States is expected to increase, and Organization of the Petroleum Exporting Countries (OPEC) members are also raising their production capacity,” he said.On February 28, Iran’s Islamic Revolutionary Guard Corps (IRGC) closed the Strait of Hormuz amid escalating tensions in the Middle East.Earlier that day, the United States and Israel launched a series of strikes on Iranian targets, including in Tehran, causing damage and civilian casualties.In response, Iran fired missiles at Israeli territory and targeted United States military facilities in the Middle East.On Sunday, March 1, IRGC claimed it had attacked three United States and British tankers in the Gulf and the Strait of Hormuz with missiles, setting them ablaze.In a statement published by its official outlet, Sepah News, the Iranian force also said it targeted United States military installations in Kuwait and Bahrain, according to Xinhua.