The recent escalation of war in the Middle East has had a profound impact on global and Finnish economies as crude oil and liquefied natural gas prices surged sharply. Stock markets across Asia, Europe, and the United States experienced declines simultaneously, indicating widespread concern about economic stability. The spike in prices is attributed to the conflict expanding around the Persian Gulf, where Iran has nearly closed the vital Strait of Hormuz, through which a substantial portion of the world's oil supply is transported. This closure jeopardizes one-fifth of global oil trade and raises alarms over potential energy shortages.