Revisiting the Iran Bullwhip: A 2027 Benefit For Durables & Electronics

研报英文原文证据摘录

Revisiting the Iran Bullwhip: A 2027 Benefit For Durables & Electronics

ect security(ies) and subject

company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed

in this research report.

I, Kevin Estok, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject

I, Xianrao Zhu, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject

I, Carol Jiang, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject

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Investment Recommendation Record

(Article 3(1)e and Article 7 of MAR)

Recommendation Published June 22, 2026 11:05 A.M.

Recommendation Distributed June 23, 2026 0:00 A.M.

Company Specific Disclosures

Jefferies Financial Group Inc., its affiliates or subsidiaries make a market in the securities or ADRs of Quaker Houghton.

Within the past twelve months, Jefferies Financial Group Inc.