JPMorgan Sees No Clear Endgame for Oil Markets
An attack on Saudi Arabia’s East-West pipeline has disrupted a crucial route around the Strait of Hormuz, threatening crude deliveries to Europe and adding pressure to already tight diesel markets. On Bloomberg This Weekend, Bloomberg Economics Statecraft Lead Chris Kennedy discusses how JPMorgan says it no longer has a baseline view for oil markets as the Iran conflict, attacks on Russian energy infrastructure, and uncertainty over Chinese demand make the outlook increasingly difficult to model.
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