JP Morgan
ON THE RECORD · 6 verbatim quotes · every quote source-verified
“we simply don't know how to model the endgame”
JP Morgan · said date not stated · reported 2026-09-18
JP Morgan said in a rare note to investors that it cannot model the endgame of the US-Iran conflict.
“Six months later [since the war began], many of those lines have been crossed, yet the exit strategy is less clear, not more,”
JP Morgan · said date not stated · reported 2026-09-18
JP Morgan's commodities research team noted that assumed economic red lines had been crossed six months into the war.
“becoming increasingly difficult to sustain”
JP Morgan · said date not stated · reported 2026-09-18
JP Morgan analysts said the assumption that global oil supply disruption was temporary is becoming harder to sustain.
“The market is on edge,”
JP Morgan · said date not stated · reported 2026-09-18
JP Morgan analysts assessed the state of oil markets amid the US-Iran conflict.
“the market is pricing in the risk”
JP Morgan · said date not stated · reported 2026-09-18
JP Morgan analysts said the market is pricing in the risk of further disruption to trade despite estimating fair value for oil at around $90.
“For the first time since the start of the Iran conflict, we don't have a baseline view. We simply don't know how to model the endgame.”
JP Morgan · said date not stated · reported 2026-09-18
JP Morgan's commodities research team told investors it no longer has a baseline view on the Iran conflict's economic impact.