America and Israel's ongoing war against Iran has destabilized global oil markets, with economists at JPMorgan unable to model the economic endgame. Oil prices have exceeded $100 per barrel, diesel has climbed above $6 per gallon for the first time, and winter demand threatens further spikes. The conflict has cost over $42 billion, caused an estimated 1,800–3,800 civilian deaths, and Trump has indicated he may escalate further rather than pursue peace.