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'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran

Published: Sep 19, 2026, 12:43 AM

Read Time: 1 min

0:00

'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran

The bank said it assumed at the start of the conflict that there would be "economic red lines" that the Trump administration would be unwilling to cross, and therefore it believed a deal would have been struck to open up the Strait of Hormuz shipping lane back in June.