The Finnish president warns: The economic impact of the war with Iran could exceed Covid-19

Finnish President Alexander Stubb stated in an interview with POLITICO that a trusted expert warned him that the economic impact of the war with Iran could be worse than that of the Covid pandemic. Stubb emphasized that the current situation could lead to a self-inflicted global recession, highlighting the interconnectedness between countries and energy markets. He mentioned that the prices of oil, gas, food, and pharmaceuticals are all interdependent. Stubb also criticized the Trump administration's 'transactional' approach to foreign policy, arguing that diplomacy requires mutual interests and adherence to international norms. In the context of the war in Ukraine, Stubb expressed concern that the Trump administration's attention could be diverted by the conflict in Iran, thus suspending peace negotiations in Ukraine.