Mar 12 • 12:03 UTC 🇫🇮 Finland Iltalehti

Commentary: A Global Shock Has Begun – One Entity is Making Money, and It is Finnish

The article discusses the impact of military strikes on Iran by the US and Israel, leading to a surge in global oil prices and benefiting the Finnish oil company Neste.

The article highlights a significant geopolitical event where the United States and Israel conducted military strikes on Iran, causing a dramatic increase in global oil prices. On February 28, following these strikes, the price of Brent crude oil climbed to approximately $95 per barrel, a sharp rise from about $72 before the conflict intensified. This spike is attributed to a reduction in oil supply, particularly as tankers navigating the strategically vital Strait of Hormuz are facing threats from Iranian missiles and drones, effectively halting oil transportation through this crucial route.

As a result of this crisis, Finnish consumers have started to feel the direct impact through rising prices for gasoline and diesel at the pumps. The article notes that while many are suffering from the economic consequences of the conflict, one of the few beneficiaries in Finland has been the oil company Neste, which has seen its stock price surge amidst the turmoil. On the same Thursday when oil prices were increasing, Neste's shares rose to €26.59, reflecting the company's advantageous position within the market amid this crisis.

The commentary emphasizes the complex implications of such military conflicts on global economics, where geopolitical tensions can drastically alter market dynamics, often leading to winners and losers. Neste's situation illustrates how some companies can capitalize on events that adversely affect the broader population, raising ethical questions about the profit-making motives amidst human hardships and international strife.

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