
JP Morgan Says It Cannot Reliably Forecast Oil Prices Amid US-Iran Tensions
The bank said uncertainty tied to the conflict has made it difficult to predict how crude prices will move in the coming months.

The bank said uncertainty tied to the conflict has made it difficult to predict how crude prices will move in the coming months.

The bank told clients it "simply doesn't know" how crude prices will move, citing uncertainty over how far the conflict between the United States and Iran could escalate.

Speaking at a J.P. Morgan conference in London, Senator Muhammad Aurangzeb said Pakistan is moving from economic stabilisation toward investment and private sector-led growth.

Senator Muhammad Aurangzeb engaged in discussions on the sidelines of the Emerging and Frontier Markets Opportunities Conference, according to Pakistani state media.

Senator Muhammad Aurangzeb and State Bank Governor Jameel Ahmad represented Pakistan at the investment conference, according to the Associated Press of Pakistan.

Muhammad Aurangzeb tells investors Pakistan is shifting focus toward investment, exports and private sector-led growth after stabilizing the economy.
In an interview with CNBC, the bank chief describes the risks he took at J.P. Morgan and his subsequent turnaround of Standard Chartered.