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

Still Focused on Crude Oil? U.S.-Iran Conflict 'Severely Damages' World's Largest LNG Facility, High Prices May Persist for Years!

①Qatar Energy reported that repeated attacks by Iran have caused extensive damage to the world's largest LNG facility, Ras Laffan Industrial City, potentially leading to a long-term global natural gas shortage; ②Ras Laffan Industrial City accounts for approximately one-fifth of the total global LNG annual production capacity, with exports primarily directed to European and Asian markets. Its closure has intensified supply tightness in the global LNG market.

cls.cnMar 19 13:30

Health And Holidays Push Up Aussie Inflation, Petrol Prices Ease

Business TodayMay 28, 2025 14:45

Australia Dials Back Forecast for Natural Gas Shortfall in South

Yahoo FinanceMar 20, 2025 06:03

Gazprom Neft Set to Increase Oil Output From April Under OPEC+ Deal

InvestingMar 18, 2025 19:12

Australia's East Coast to See Gas Surplus in 2025, 2026, ACCC Says

MT NewswiresJan 10, 2025 09:41