Indonesia can absorb the economic impact of rising global oil prices driven by tensions in the Middle East for up to 10 months without cutting fuel subsidies, a senior minister has said.

The ongoing federal government shutdown, now in its second week, could be costing the U.S. economy up to $15 billion per week in lost output, a Treasury official said Wednesday.

Japan's government issued a warning on Thursday about the "significant impact" that President Donald Trump's newly announced import tariffs on cars could have on its economic relationship with the United States and on global trade.