energyFriday, September 18, 20262 sources
JP Morgan Admits Struggling to Forecast Oil Prices Amid Trump's Escalation of War with Iran
JP Morgan acknowledged difficulties in predicting oil prices due to the escalating conflict between the United States and Iran under President Trump. The bank's inability to forecast accurately has raised concerns about economic stability. The situation has led to uncertainty in global energy markets.
JP Morgan stated it 'assumed' there would be economic red lines, such as oil prices reaching $100 a barrel, that the U.S. would be unwilling to cross. This assumption has been challenged by the ongoing war with Iran, which has disrupted oil supply chains and increased volatility. The bank's inability to forecast accurately has caused ripple effects in global energy markets, affecting both producers and consumers.
Timelines
Sources
PublicBBC WorldSep 18, 09:57 PM
'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with IranThe bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
PublicBritish Broadcasting CorporationSep 18, 09:57 PM
'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with IranThe bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.