JPMorgan warned: If the Strait of Hormuz does not fully resume operations until July, oil prices could soar to $120.

①JPMorgan recently stated that if shipping through the Strait of Hormuz does not fully resume until July, international oil prices may retest the peak level of nearly $120 per barrel seen during this round of U.S.-Iran tensions. ②The bank noted that current market pricing reflects expectations for a swift recovery in shipping through the Strait of Hormuz: traffic is expected to return to half of normal levels by May and fully recover by June.

cls.cnApr 11 10:12

Express News | Reports state that Iran allows no more than 15 vessels to pass through the Strait of Hormuz each day.

BreakingsApr 9 20:44

An abrupt change for oil and gas giants! Exxon and Chevron both tumble—have the 'good times' for energy stocks come to an end?

The market rebounded overall on Wednesday, but it was a tough day for Exxon Mobil and the entire energy sector. There are concerns that this quarter could turn out to be challenging.

Golden10 DataApr 9 13:20

Express News | U.S. media reported that only four vessels were authorized to pass through the Strait of Hormuz on the 8th.

BreakingsApr 9 13:16

Express News | The first vessels passed through the Strait of Hormuz after the U.S. and Iran agreed to a ceasefire.

BreakingsApr 8 17:53

Multiple explosions were reported on Kharg Island, Iran's largest oil-producing island. Trump stated he would stick to the deadline, warning that 'the entire civilization will perish'!

It is reported that Iran still insists on demanding a permanent ceasefire from the US, compensation for losses, and the lifting of sanctions, with the condition that it must control the toll rights of the strait. In his latest statement, Trump mentioned regime change and threatened to make the entire Iranian civilization vanish tonight.

Golden10 DataApr 7 22:06