
On Christmas morning, Estonia’s power grid operators got an unwanted surprise: The Estlink 2 power cable linking them to Finland had failed. The outage left only the Estlink 1 cable in operation, reducing the electricity flow to Estonia by almost two-thirds. The rupture had little impact on services due to reserve capacities. However, it sparked fears energy prices would rise while the cable remains offline – potentially for months. The following day, Finnish officials boarded and detained the Eagle S, a Cook Islands-flagged tanker they said was carrying oil from...