'We simply don't know' - JP Morgan struggling to forecast oil prices due to US-Iran war

🇺🇸 BBC Business (US) —
'We simply don't know' - JP Morgan struggling to forecast oil prices due to US-Iran war

AI Summary

JP Morgan is struggling to forecast oil prices due to instability caused by US-Iran tensions, noting economic red lines such as $100 per barrel oil that the US is unlikely to cross. The situation highlights uncertainties impacting global oil markets.

The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.

World Security Politics Markets Commodities Energy JP Morgan oil price forecast US-Iran tensions oil markets economic red lines energy sector

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