JP Morgan sees Brent staying in low $100s even if Hormuz reopens in June
- Posted on May 11, 2026
- By Business News Today
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- 1 min read
JP Morgan sees Brent staying in low $100s even if Hormuz reopens in June
JP Morgan's revised framework assumes that the pace of oil inventory depletion will ultimately force the Strait to reopen "one way or another," with the bank's base case anchored on a June 1 reopening following a credible announcement confirmed by both sides.
