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Even JPMorgan can’t predict oil’s next move as Iran war crosses more red lines

Economic Times 1 hr ago·18 Sept 2026, 5:44 am

JPMorgan says it no longer has a clear baseline for oil prices as Middle East tensions deepen supply risks. Brent remains above $100 a barrel, while lower demand and inventory buffers have helped the market absorb disruptions.

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Even JPMorgan can’t predict oil’s next move as Iran war crosses more red lines