Macro Finance
'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran
BBC Business·September 18, 2026·1 min read
JP Morgan said it cannot forecast oil prices amid Trump's conflict with Iran, admitting 'we simply don't know' the outcome. The bank assumed economic red lines, such as oil at $100 per barrel, that the US would be unwilling to cross, according to a report. Uncertainty over potential supply disruptions and US policy responses complicates predictions.
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