Strait Of Hormuz Squeeze Could Push Brent Past $100/Bbl, JP Morgan Says
ReutersMar 2, 2026 12:15 PM
March 2 (Reuters) - JP MORGAN:
SAYS EVEN A 3–4 WEEK SQUEEZE ON STRAIT OF HORMUZ TRAFFIC COULD FORCE GULF COOPERATION COUNCIL OUTPUT SHUT-INS AND PUSH BRENT ABOVE $100/BBL
SAYS ACCORDING TO ITS COMMODITIES TEAM, CRUDE OIL EXPORTS THROUGH THE STRAIT OF HORMUZ HAVE DECLINED TO 4 MMBO/D VERSUS A TYPICAL RUN RATE OF 16 MMBO/D
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