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JPMorgan Chase: Brent crude oil prices may rise above $100 per barrel
02/03/2026 07:06
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Svmuu News JPMorgan Chase The commodities team reported that crude oil exports through the Strait of Hormuz have fallen to 4 million barrels per day, compared to the usual volume of 16 million barrels per day. JPMorgan Chase It noted that even if passage through the Strait of Hormuz were blocked for just 3–4 weeks, it could force Gulf Cooperation Council member states to shut down oil production and push Brent crude prices above $100 per barrel. (Jin Shi)
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