JPMorgan Warns Oil Prices Could Drop to $70/barrel Amid U.S.-Iran Deal
JPMorgan's chief market strategist for EMEA, Karen Ward, warned that oil prices could fall to $70 per barrel due to an emerging U.S.-Iran agreement expected to add supply back into global markets. The deal was confirmed on June 14 and led to immediate declines in crude prices alongside a rally across major stock indices.
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