'We simply don't know': JPMorgan waves the white flag forecasting where oil prices will go due to Iran War
· finance.yahoo.com
After the war blew past JPMorgan's three 'economic redlines' — $100 oil, $5 gas and 5% Treasury yields — the bank says it can no longer model where prices go next. And diesel is the bigger worry.
JPMorgan is throwing up its hands and conceding that it simply doesn't know what comes next for oil prices due to the Iran War.
"For the first time since the s...