Trade
Southeast Asia’s largest economy weighed down by higher energy bill
Oil storage tanks in Jakarta: Southeast Asia’s largest economy relies heavily on imported oil, the price of which has soared as a result of the Iran war. (Photo by Yuki Kohara)
JAKARTA — Indonesia recorded its first trade deficit in six years in May, as the value of imports soared due to higher oil prices triggered by the Iran war and the weakening rupiah, while exports of key commodities declined.