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JP Morgan Says It Has No Clear Oil Market Endgame as Iran Conflict Drags On
- JPMorgan dropped its forecast for the Iran war's end on Thursday, with strategist Natasha Kaneva stating the bank no longer has a "baseline view" for the market.
- The bank initially assumed economic redlines—oil above $100, gas near $5, and 10-year Treasury yields above 5%—would force President Donald Trump to secure a deal by June, but those thresholds were crossed without resolution.
- Brent crude is trading near $105 per barrel, while global inventories have fallen by about 555 million barrels since the conflict began, though prices have not risen as sharply as JPMorgan expected.
- Trump told Axios on Thursday that he faces a "big decision" on whether to restart major combat operations against Iran or end the war, adding he is approaching a crossroads.
- If Middle East supply disruptions persist, oil prices could increase later this year, Kaneva cautioned, noting that six months into the conflict, the exit strategy remains unclear.
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11 Articles
11 Articles
The war with Iran keeps the oil market in check: JPMorgan warns about possible new losses of supply and prices higher than its forecasts.
·Mexico
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Six months after the start of the conflict, there is no solution in sight. "We simply do not know how to model the outcome," says a study by the bank.
·Düsseldorf, Germany
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JP Morgan says it has no clear oil market endgame as Iran conflict ...
·London, United Kingdom
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Iran War Leaves JPMorgan Oil Analysts Unable to Predict ...
·New York, United States
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
11%
C 56%
R 33%
Factuality
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