JP Morgan cites difficulty in forecasting oil prices amid US-Iran tensions

JP Morgan analysts report increased difficulty in forecasting oil prices due to the unpredictable nature of the conflict between the US and Iran. The bank noted that it previously assumed economic red lines existed, such as oil prices reaching $100 per barrel, which the US would be unwilling to cross. Current geopolitical volatility has complicated these traditional modeling assumptions. Market participants are monitoring whether oil prices approach the $100 threshold and how US policy responds to further regional escalation.