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

Cavvy Energy Sets Date for Q1 2026 Results and Investor Webcast

TipRanksApr 10 06:07

Cavvy Energy Eliminates Warrant Overhang After PCEP Cashless Exercise

TipRanksApr 1 12:44

Cavvy Energy Boosts Reserve Value and Cuts Debt on Processing Growth

TipRanksMar 19 12:30

CORRECTION: Cavvy Energy Q4 EPS $0.00 Beats $(0.05) Estimate, Sales $69.392M Beat $57.600M Estimate

BenzingaMar 19 07:14

Cavvy Energy Raises $3.5 Million Through Warrant Exercise to Repay Debt

TipRanksMar 13 05:42