A major war broke out in the Middle East, directly contradicting J.P. Morgan's prediction of no protracted supply disruptions. Military conflict involving Iran threatens major energy chokepoints and oil infrastructure, creating massive supply shocks that drive crude prices up. Long oil/energy as the geopolitical landscape has fundamentally shifted from soft fundamentals to severe supply disruption. A rapid de-escalation of the conflict or massive coordinated releases from global strategic petroleum reserves.
A major war broke out in the Middle East, directly contradicting J.P. Morgan's prediction of no protracted supply disruptions. Military conflict involving Iran threatens major energy chokepoints and oil infrastructure, creating massive supply shocks that drive crude prices up. Long oil/energy as the geopolitical landscape has fundamentally shifted from soft fundamentals to severe supply disruption. A rapid de-escalation of the conflict or massive coordinated releases from global strategic petroleum reserves.