Economy'We simply don't know': JP Morgan struggles to forecast oil prices amid Trump's Iran war
JPMorgan says it is struggling to model how the US-Iran war will affect oil prices, admitting it has no baseline view of the conflict’s endgame. The bank had assumed economic red lines would prompt a deal to reopen the Strait of Hormuz, but several thresholds have now been crossed while the exit strategy remains unclear.
B
BBC News★★★★☆2026-09-18 17:57Original
'We simply don't know': JP Morgan struggles to forecast oil prices amid Trump's Iran war
Economy