Economy · World
JP Morgan Uncertain on Oil Prices Amid Iran-US Conflict
JP Morgan has stated it cannot predict the future direction of oil prices due to the ongoing conflict between Iran and the United States. The bank indicated that it "assumed" certain economic thresholds, such as oil reaching $100 a barrel, would be red lines the US would not cross. However, the prolonged nature of the conflict has created significant uncertainty, leading to a lack of a clear "endgame" for the oil market.
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- Centre (2): BBC News, Reuters