On Wednesday, global oil prices experienced downward pressure due to news of Russia's agreement to accept U.S. President Donald Trump's proposal for a temporary cessation of strikes on the energy infrastructure of both Russia and Ukraine. This development raises hopes for an increase in Russian oil supply to global markets, which could subsequently impact price dynamics.

Indonesia is taking ambitious steps towards transitioning to cleaner energy sources. Although the country remains economically reliant on fossil fuels, the government is considering building nuclear power plants with a total capacity of about 4 gigawatts (GW).