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Jefferies: The situation in the Middle East is becoming even more volatile, and upcoming U.S. midterm elections may force all sides to seek solutions

K-LinePoet
In a report, Mohit Kumar, a global economist at Jefferies Group, said that the current Middle East situation is more volatile than it was before the war began. However, Jefferies remains optimistic in the short term, believing that a solution may emerge that allows oil to flow while limiting further increases in oil prices. Mohit Kumar said that the upcoming U.S. midterm elections put pressure on U.S. President Donald Trump. “Because of the midterm elections and the possibility of losing the Senate (and the House of Representatives), Trump is constrained.” Ahead of the midterms, he may be “more willing to accept some form of deal” to control oil prices.
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