NewsNovo
A commodities analyst at JPMorgan Chase & Co. (JPM) argues that rising gasoline prices are nearing levels that could give the Trump administration a practical reason to seek diplomatic talks with Iran.
The case rests on a supply logic that is simple to state: expensive fuel at home changes the political math for an administration with a cost-of-living mandate. The threshold has not been crossed yet.
But JPMorgan's desk says it is approaching.
The read-through from pump to diplomacy When gasoline prices reach a point painful enough for consumers to register, a president who ran on economic relief acquires a political incentive to increase supply.
Keep reading