Market Update | Strait of Hormuz Blockade: JPM Warns Crude Production May Halt After 25 Days. How Will US-Iran Conflict Trajectory Affect Global Oil Prices?

JPMorgan estimates that Middle Eastern oil producers have approximately 25 days of storage capacity for stranded production if the Strait of Hormuz is blocked. A prolonged blockage will force production shutdowns, disrupting crude oil supply. The ongoing US-Iran conflict exacerbates these risks, with potential for record-high oil prices and severe global gas shortages. Citigroup forecasts Brent crude at $85 short-term, with a possibility of $120 if infrastructure is targeted. Negotiations offer potential for price stabilization if geopolitical risks subside.▶️ Download our app here:📌 Play Store: ⁠https://play.google.com/store/apps/details?id=com.tradingkey.mobile&hl=en⁠📌 App Store: ⁠https://apps.apple.com/us/app/tradingkey-stock-analysis/id6744304666📢 DISCLAIMERTradingKey provides general information on certain investment products. This information is not intended to constitute financial advice or a recommendation for any specific investment product.