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JP Morgan Faces Challenges in Oil Price Forecasts Amid US-Iran Conflict
JP Morgan has admitted it is currently unable to accurately predict the impact of the US-Iran conflict on oil prices, citing significant uncertainties in the conflict’s trajectory and endgame. Despite recent surges above $100 per barrel, the bank's analysts acknowledge the difficulty in modeling future market outcomes amid ongoing geopolitical tensions and supply disruptions. The conflict has contributed to rising oil prices and increased market volatility, with analysts highlighting the lack of clear signs of de-escalation.
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