Indonesia is ready to pump $34 billion into U.S. energy and agriculture projects—plus a possible 75‑jet Garuda order—to head off steep tariffs.
Jakarta will sign a memorandum of understanding worth $34 billion next week to boost Indonesian purchases and investments in the United States, Chief Economic Minister Airlangga Hartarto said.
"This shows that government, regulators, state-owned enterprises and the private sector are together in responding to the imposition of U.S. reciprocal tariffs," Airlangga noted.
The package covers extra fuel imports and new Indonesian investment in U.S. energy and agriculture, part of efforts to ease a looming 32% tariff on Indonesian goods.
Flag carrier Garuda Indonesia is separately negotiating to buy up to 75 Boeing aircraft.
Indonesia ran a $17.9 billion goods‑trade surplus with the United States in 2024; narrowing that gap, Airlangga noted, could win Jakarta a tariff deal "better than Vietnam’s."
The accord will be signed on 7 July, demonstrating, he said, that government, state firms and private business "stand together" against U.S. duties.
Garuda, still recovering from the pandemic, recently secured a $405 million sovereign‑wealth‑fund loan for fleet upkeep.
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The Iranian missions in London and Vienna strongly condemned the remarks by the European Union Foreign Policy Chief Kaja Kallas on the imposition of further sanctions on Tehran as a “highway of hypocrisy,” amid the Israeli-U.S. war on the Islamic Republic.
The escalating conflict involving Iran, the U.S. and Israel is fuelling what could become the most severe energy crisis the world has ever faced, according to the head of the International Energy Agency (IEA).
Diplomatic efforts to prevent renewed hostilities between Iran and the U.S. appear increasingly fragile, with prospects for sustained dialogue fading as both sides prepare for possible escalation.
Tensions in the Strait of Hormuz are rising as a ceasefire nears expiry with no agreement in place, amid reported attacks on vessels that have heightened fears of renewed conflict and disruption to global oil supplies.
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
Iran’s Revolutionary Guards targeted three vessels, seizing two of them for alleged maritime violations and transferring them to Iranian shores, as U.S. President Donald Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal.
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The European Union is preparing its 20th round of sanctions against Russia over the war in Ukraine. The measures are close to being approved, after earlier delays linked to energy concerns in Slovakia and Hungary eased following repairs to the Druzhba oil pipeline.
Russian emergency services have contained a major fire at the Tuapse oil refinery on the Black Sea coast, local officials said on Thursday, ending a four-day effort after a Ukrainian drone strike.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th of April, covering the latest developments you need to know.
A United States Army soldier has been charged with making more than $400,000 by betting on the removal of Venezuelan leader Nicolás Maduro, according to the Department of Justice.
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European Union leaders were set to discuss the bloc’s mutual assistance clause at a summit in southern Cyprus on Thursday, as U.S. President Donald Trump’s criticism of traditional allies raises concerns over his commitment to NATO.
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