JP Morgan admits uncertainty in oil price forecasts amid US-Iran tensions

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JP Morgan has acknowledged significant difficulty in forecasting oil prices due to ongoing tensions between the United States and Iran under the Trump administration. The bank stated it is struggling to predict market outcomes given the unpredictable nature of the geopolitical conflict. JP Morgan indicated it has assumed there are economic thresholds, such as oil reaching $100 per barrel, that the US would be unwilling to breach. The uncertainty reflects broader market concerns about how escalating US-Iran hostilities could disrupt global oil supply and pricing.

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