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EUROS The World Financial Report
Nº 99 Sunday, 18 October 2026 · World Edition
Asia

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

Euros Room · 18 Sep 2026 · 🇮🇳 India
Even JPMorgan can’t predict oil’s next move as Iran war crosses more red lines

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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