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COVERAGE GAP

J.P. Morgan Unable to Forecast Oil Prices Amid Iran Conflict

J.P. Morgan said it cannot model the endgame of the Middle East oil disruption, reversing earlier price assumptions.

COVERAGE GAPLEFT SOURCES ONLY

WHAT'S CONFIRMED

  • ▸J.P. Morgan acknowledged it has no baseline view and cannot model how the Iran conflict will end. — BBC Business, Axios

NOT REPORTED ELSEWHERE

  • ▸J.P. Morgan assumed economic red lines like $100 oil would prevent further escalation, but many have been crossed. — BBC Business
  • ▸Six months into the Iran conflict, the exit strategy is less clear despite higher oil prices crossing red lines. — Axios

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