{"id":37422,"date":"2026-03-06T08:04:36","date_gmt":"2026-03-06T08:04:36","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=37422"},"modified":"2026-03-06T08:04:36","modified_gmt":"2026-03-06T08:04:36","slug":"jpmorgan-chase-says-one-asset-could-quickly-surge-amid-middle-east-conflict-and-its-not-oil-or-gold","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=37422","title":{"rendered":"JPMorgan Chase Says One Asset Could \u2018Quickly\u2019 Surge Amid Middle East Conflict \u2013 And It\u2019s Not Oil or Gold"},"content":{"rendered":"<p><img decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2024\/12\/jpmorgan-wells-cfpbank.jpg?resize=1024,600\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<p>The investment banking arm of JPMorgan Chase is predicting a significant rally for one commodity amid the ongoing Middle East conflict.<\/p>\n<p>According to J.P.Morgan\u2019s co-head of economic research, Joseph Lupton, the military operation against Iran by the US and Israel might not only send the prices of oil and gold higher, but may also push aluminum higher.<\/p>\n<p><em>\u201cAluminum is another market to watch, given that the Middle East is a major producer and exporter of the base metal. In 2025, the region had a net exportable surplus of 5 million metric tons (mmt) of primary aluminum, which accounted for nearly 7% of global production.\u201d<\/em><\/p>\n<p>According to Lupton, if the supply of aluminum appears likely to be \u201cmaterially dislocated or snarled,\u201d its price could \u201cquickly run toward $4,000\u201d per metric ton, a gain of approximately 22% from the current level.<br \/>\nAluminum is trading at $3,282 at time of writing.<\/p>\n<p>Lupton <a href=\"https:\/\/www.jpmorgan.com\/insights\/global-research\/commodities\/iran-us-tensions-market-effect\" rel=\"noopener\" target=\"_blank\">says<\/a> that the price of Brent crude oil will continue to move higher if tankers are unable to pass through the Iran-controlled Strait of Hormuz.<\/p>\n<p><em>\u201cA sustained reduction of roughly one-fifth of this supply \u2014 in the range of 4 million barrels per day (mbd) \u2014 would be sufficient to push Brent crude well above $100 per barrel (bbl). It will take time before we consider material changes to this year\u2019s energy price outlook, but tail-risk concerns will likely persist until the conflict subsides.\u201d<\/em><\/p>\n<p>Brent crude is trading at $85 at time of writing.<\/p>\n<p>In the case of gold, Lupton predicts the yellow metal could rally by between 5% to 10% in the near term to reach the January high of around $5,400.<\/p>\n<p><em><span>Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span>Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span>Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span>Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<div class=\"dianomi_context\" data-dianomi-context-id=\"736\"><\/div>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/2026\/03\/06\/jpmorgan-chase-says-one-asset-could-quickly-surge-amid-middle-east-conflict-and-its-not-oil-or-gold\/\">JPMorgan Chase Says One Asset Could \u2018Quickly\u2019 Surge Amid Middle East Conflict \u2013 And It\u2019s Not Oil or Gold<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyhodl.com\/\">The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The investment banking arm of JPMorgan Chase is predicting a significant rally for one commodity amid the ongoing Middle East conflict. According to J.P.Morgan\u2019s co-head of economic research, Joseph Lupton, the military operation against Iran by the US and Israel might not only send the prices of oil and gold higher, but may also push [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37423,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-37422","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JPMorgan Chase Says One Asset Could \u2018Quickly\u2019 Surge Amid Middle East Conflict \u2013 And It\u2019s Not Oil or Gold - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=37422\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan Chase Says One Asset Could \u2018Quickly\u2019 Surge Amid Middle East Conflict \u2013 And It\u2019s Not Oil or Gold - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The investment banking arm of JPMorgan Chase is predicting a significant rally for one commodity amid the ongoing Middle East conflict. 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