BBC
'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran
Friday, September 18, 2026
JPMorgan Chase stated it cannot accurately forecast oil prices due to escalating tensions between the United States and Iran under the Trump administration. The bank said it had previously assumed economic thresholds, such as oil reaching $100 per barrel, would prompt US intervention, but those assumptions are no longer reliable. JPMorgan did not provide a revised oil price forecast or timeline for when forecasting conditions might stabilize.
Original reporting: https://www.bbc.co.uk/news/articles/cq0m3gmv8n7ko?at_medium=RSS&at_campaign=rss