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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.
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.
Trump warns Iran: '48 hours' remain; Iranian military responds with 'making the aggressors pay the price'; is the war escalating to Gulf 'infrastructure'?
The conflict between the US and Iran escalated as Trump issued a 48-hour ultimatum, demanding that Iran open the Strait of Hormuz by April 6 or face 'catastrophic consequences'.
Trump stated: 'A little more time will make it easy to secure the Strait of Hormuz!' Iran issues a warning.
On April 3, according to a report by Xinhua News Agency, U.S. President Trump posted on social media: "Give us a little more time, and we will be able to easily open the Strait of Hormuz, seize the oil, and make a huge profit."
JTF International Unit to Manage Connected Petrochemical Affiliate Under Three-Year Exclusive Deal
Circumventing Geopolitical Risks: UAE Makes Another Strategic Move in North America, Signs 20-Year Long-Term Natural Gas Supply Agreement
① A subsidiary of Abu Dhabi Investment Holding Group's 2PointZero has signed a 20-year LNG supply agreement with a Mexican company to purchase 1 million tons of LNG annually; ② The LNG project is located on the west coast of Mexico and is expected to commence commercial operations in the second half of 2028; ③ This agreement aims to provide reliable LNG supplies to international markets, addressing challenges such as potential blockades of the Strait of Hormuz and production disruptions in Qatar.