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JP Morgan Sees $150 Oil if Hormuz Remains Closed Through Mid-May
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Neutral
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94%
Time Horizon
Short Term
Article Context
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Oil prices could top $150 per barrel if energy flows through the Strait of Hormuz remain disrupted through the middle of May, according to JP Morgan. Prices are headed to $120-$130 per barrel in the very near term, the investment bank said in a note carried by Reuters. At Thursday’s close, oil prices surged, with the U.S. benchmark WTI Crude soaring past Brent Crude and settling at $111.50 per barrel. The international benchmark closed at $109 a barrel on Thursday, the last trading day of this week, as markets are closed on Good Friday. JP…
Original article published by
OilPrice.com
on April 3, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.