Iran War Ignites Jet Fuel Prices: **Neste** Soars to Record Profits

As Iranian geopolitical tensions continue to roil global energy markets, renewable jet fuel producer Neste has capitalized on the post-war price surge to post record profits.

The War Premium on Fuel

■Crude oil spiked 28% post-Iran-Israel conflict

■Jet fuel hit 5-year high: $1,420/ton

■Supply chain disruptions increased shipping costs by 40%

Neste's Strategic Edge

Neste's Sustainable Aviation Fuel (SAF) portfolio offers 50% lower carbon emissions vs. fossil alternatives. Airlines' urgent post-war diversification demand delivered Neste:

■18% profit margin (vs. -3% previous quarter)

■$287M net profit (+120% YoY)

■22% market share in Asia-Pacific

Prolonged Iran-Israel tensions could embed cost pressures for Asian carriers. SAF producers like Neste are strategically positioned to benefit from geopolitical price volatility. However, feedstock supply remains a critical risk. This case study underscores how EM investors must price geopolitical risks into the energy transition calculus.

■Kemal Tekin