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JPMorgan oil team gives up on forecasting Iran war endgame as Trump blows past economic redlines
Source: CNBC
Geopolitics & WarTransportation & LogisticsEnergy Markets & Prices
JPMorgan said it initially expected economic redlines from the war to pressure President Donald Trump into reaching an agreement to reopen the Strait of Hormuz. Continued uncertainty over the strategic shipping chokepoint presents material risks to global energy flows, trade logistics, and oil prices.
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