'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran
SO BASICALLY JP MORGAN IS STRUGGLING TO FORECAST OIL PRICES BECAUSE OF TRUMPS WAR WITH IRAN AND THE THING IS THEY ADMITTED THEY SIMPLY DONT KNOW WHICH IS WILD BECAUSE THEY ASSUMED THERE WOULD BE ECONOMIC RED LINES LIKE OIL AT ONE HUNDRED DOLLARS A BARREL THAT THE US WOULD BE UNWILLING TO CROSS ACCORDING TO THE BBC NEWS REPORT AND NOW NOBODY IS SAYING WHAT HAPPENS NEXT. ANYWAYS DO YOU WANT ANOTHER DRINK?
According to BBC News, JP Morgan cannot forecast oil prices amid Trump's war with Iran, having previously assumed the US would avoid economic red lines like $100 oil.
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