Oil supplies may hit a breaking point if the Iran war lasts into June
J.P. Morgan warns oil supply buffer could buckle by early June if Iran war persists.
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j.p. morgan strategists say the oil market's safety buffer could start to buckle as early as june if the iran war drags on. the bank's analysts warn that the cushion the market has relied on after middle east export disruptions may hit a breaking point.
the warning comes as traders watch for any escalation that could tighten supplies further. j.p. morgan didn't specify exact barrel numbers in their note, but the timeline is concrete: early june is when they see the risk turning acute.
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