J.P. Morgan: We Can't Model Iran Oil Endgame — SkimNews
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- J.P. Morgan oil researchers wrote in a note that 'for the first time since the start of the Iran conflict, we don't have a baseline view,' conceding they 'simply don't know how to model the endgame.'
- J.P. Morgan's rare public admission of analytical uncertainty drew the article's tongue-in-cheek 'award for honesty in oil market analysis,' underscoring how unusual it is for a major bank to openly concede its models have no baseline.
Why it matters: J.P. Morgan's public concession — that its oil analysts lack a baseline view for the first time since the Iran conflict began — exposes how deeply the war has scrambled standard commodity forecasting, leaving traders, OPEC, and energy companies without a major bank's modeled anchor.
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