Shapiro served as Deputy Assistant Secretary of Defense for the Middle East until January—charged with, among other things, considering scenarios in which tensions between Israel and Iran escalated into all-out war and preparing U.

The potential for rupiah weakening is influenced by various factors such as the conflict between Iran and Israel, as well as the upcoming Federal Reserve meeting.

The foreign minister of the United Arab Emirates, Sheikh Abdullah bin Zayed, has warned of "uncalculated and reckless steps" that could spill out beyond the borders of Iran and Israel, according to a statement by the foreign ministry on Tuesday.