quote: "In the previous round of escalations, negotiations were initiated once US gasoline prices reached $4.20 and became materially more urgent as prices neared $4.50. Oil may be a global commodity, but political tolerance for high energy prices remains overwhelmingly domestic" - JPM https://x.com/zerohedge/status/2081508681120977326 | Each additional month of Iran war adds roughly $7-8/bbl to Brent, lifting monthly average prices to around $114/bbl if disruptions extend to three months.
If disruptions persist for another month, the national gas average would likely rebound to around $4.20. If the conflict extends to two months, prices would likely move back above $4.50: JPMorgan