Jakarta. Rupiah fell deeper into negative territory on Tuesday as investors reacted to mounting geopolitical tensions and renewed global trade uncertainty.

The Indonesian currency closed down 27 points at Rp 16,829 per US dollar on Tuesday afternoon, February 24, 2026, from the previous close of Rp 16,802. Earlier in the session, the rupiah had weakened by as much as 45 points before trimming losses.

Ibrahim Assuaibi, director of Traze Andalan Futures, said the pressure on the rupiah stemmed from lingering geopolitical tensions in the Middle East ahead of the third round of nuclear talks between Iran and the United States in Geneva.

US media reports said Washington is considering targeted strikes against Iran, potentially followed by broader attacks aimed at forcibly removing the country’s Supreme Leader. The developments have heightened global risk aversion and weighed on emerging market currencies, including the rupiah.

Beyond geopolitics, the currency was also hit by renewed trade uncertainty after US President Donald Trump warned American trading partners against withdrawing from newly negotiated trade agreements with Washington. The remarks came after the US Supreme Court overturned Trump’s tariff policy, prompting him to signal plans to impose significantly higher duties under a different trade law.

“Trump said he would raise the temporary tariff from 10% to 15% on US imports from all countries, which is the maximum rate allowed under the law,” Ibrahim wrote in a statement, adding that market reaction to the move is expected to influence the rupiah’s direction.

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