“$10 Diesel by December” - JPMorgan Has No Clear Oil Endgame Due to War in Iran

For the first time since the Iran war began, JPMorgan's oil analysts are admitting they can't predict where the market is headed. In a note to clients, the team led by Natasha Kaneva wrote, "We simply don't know how to model the endgame”, a stunning admission from one of the most powerful forecasting operations on Wall Street.