The agreement reached by the United States and Iran last night Finnish time on a two-week ceasefire is welcome news, said the Leading Expert of the Foreign Policy Institute Olli Ruohomäki Directly from Kauppalehti In the Talousamau program on Wednesday
President of the United States Donald Trump’s the loud rumors about the “destruction of civilization” turned last night agree on a two-week ceasefire with Iran. Trump backed down from his threatened destructive attacks on Iran, and Iran has promised to open the Strait of Hormuz, which is important for oil transport.
The stock market has seen a broad rise after the ceasefire news, and the price of crude oil has clearly fallen. After the start of the war, the price of oil rose sharply and has been clearly elevated since then.
“It had enormous effects in terms of the global economy, also here in Europe and even in Finland, even though we are not dependent on Persian Gulf oil as such,” said Ruohomäki.
According to Ruohomäki, the ceasefire agreement reached now and the momentary calming down of the situation is good news in any case.
“I hope that now the dust will settle momentarily, but [sota] may flare up again later on, because the root causes have not been resolved,” Ruohomäki estimates.
Wednesday’s Talousam was hosted by a reporter Heidi Huotilainen.
You can watch the full recording of Wednesday’s broadcast below.
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