J.P. Morgan Warns Oil Could Top $150 if Disruptions Persist Into mid‑May

J.P. Morgan warns oil could top $150 if disruptions persist into mid‑May

JP Morgan Says Oil Goes to $150 if Strait Not Opened Till May - Energy News Beat

J.P. Morgan has issued a stark warning to energy markets: oil prices could spike to $120–$130 per barrel in the near term, with a real risk of surging above $150 per barrel if supply disruptions through the Strait of Hormuz persist into mid-May. In comments to The Times, JPMorgan’s global head of economics, Bruce Kasman, added that a de facto blockade lasting another full month would be consistent with Brent crude climbing toward $150 and forcin…

JPMorgan: Oil Could Surge Above $150 amid Escalating Middle East Disruptions

Global oil markets could be on the brink of a sharp escalation, with JPMorgan warning that crude prices may exceed $150 per barrel if supply disruptions in the Middle East persist into mid-May.