The conflict involving Iran is already disrupting shipping routes and energy markets, with immediate consequences for global trade and the forest products sector. Middle Eastern countries are important export destinations for the Finnish sawmilling industry, for example, and the escalating crisis is increasing transport costs and extending delivery times. Shipping traffic in the region has been disrupted as freight insurance premiums and war-risk surcharges rise and some carriers suspend operations. At the same time, the broader turmoil in energy markets has pushed oil prices above $100 per barrel for the first time since 2022, increasing fuel costs throughout ...
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