US Oil Market Crisis Persists Amidst Ongoing Iran Conflict, JPMorgan Warns

According to the International Desk of Webangah News Agency, the prolonged conflict with Iran offers no discernible endpoint for the current crisis gripping the United States oil market, as reported by Mehr News Agency, citing Al Mayadeen television network. The American bank JPMorgan Chase stated that a clear resolution for the oil market challenges is not in sight as long as the conflict involving Iran continues.

The bank further announced that gasoline prices in the United States have reached their apex, climbing to $6.31 per gallon. JPMorgan Chase added that inventories have also dwindled to their lowest levels.