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JPMorgan oil team gives up on forecasting Iran war endgame as Trump blows past economic redlines

Posted on September 17, 2026
By CNBC
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1 min read

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JPMorgan oil team gives up on forecasting Iran war endgame as Trump blows past economic redlines

JPMorgan assumed at the start of the war that several economic redlines would force President Donald Trump into an agreement to open the Strait of Hormuz.