The ongoing tensions between Iran and the United States have resulted in a notable increase in crude oil prices, rising by approximately ten dollars since the beginning of the year. Despite this surge, analysts assert that the market has stabilized and is unlikely to experience significant price swings unless the situation escalates further. According to Danske Bank's chief economist, Minna Kuusisto, much of the price increase has been attributed to geopolitical tensions that have been factored into the market’s expectations.

Kuusisto elaborates that the markets have already priced in scenarios of limited U.S. military intervention, which has provided a cushion against drastic fluctuations in oil prices. While the rising oil prices have affected the market, they have not yet had a pronounced impact on Finnish consumers. Any significant relief in oil prices would likely depend on finding a peaceful resolution to the escalating situation in Iran.

Currently, the implications for Finnish consumers remain limited, as the price increases in fuel have not translated into drastic changes in everyday expenses. However, the situation warrants close monitoring, as further developments in Iran may create ripples that could eventually impact consumer prices and the overall economy in Finland.