JPMorgan Sees Brent Jumping $120, 25-Day Supply On Hormuz Disruption

JPMorgan Chase’s core warning is that Brent crude could reach $120 per barrel if Middle East hostilities turn a shipping disruption in the Strait of Hormuz into a sustained regional supply outage, with the bank estimating Gulf producers can maintain normal output for only about 25 days under a complete blockade before saturated storage forces […] The post JPMorgan Sees Brent Jumping $120, 25-Day Supply On Hormuz Disruption appeared first on the deep dive.