JP Morgan struggling to forecast oil prices due to US-Iran war (www.bbc.com)

submitted 1 week ago by rimu@piefed.social to c/fuel_crisis@piefed.social

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Investment banking giant JP Morgan has said it is struggling to predict how oil prices will be impacted by the US-Iran war, telling investors in a rare note that "we simply don't know how to model the endgame".

Analysts said with "no clear signals" of the war de-escalating, the assumption that global oil supply disruption was temporary is "becoming increasingly difficult to sustain".

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[-] hendrik@palaver.p3x.de 4 points 1 week ago

I still remember Trump saying the war would be over after a week. Then he said four to five weeks and posted some AI memes about the awesome and superior US military...

Only good investment strategy probably is to buy an electric vehicle. I heard here in Germany every third new car is an EV. And I bet that number is limited by supply.

[-] Zachariah@lemmy.world 2 points 1 week ago

all according to plan

[-] trebach@sh.itjust.works 2 points 1 week ago

No one does because Trump is part of it and he and rationality are not on speaking terms.

this post was submitted on 19 Sep 2026

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Fuel Crisis

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Discuss the fuel & energy crisis unfolding as a consequence of the war.

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