JPMorgan: If passage through the Strait of Hormuz is blocked for 3-4 weeks, crude oil prices could be pushed above $100 per barrel
PANews reported on March 2 that JPMorgan stated even if the passage through the Strait of Hormuz is blocked for only 3-4 weeks, it could force Gulf Cooperation Council member states to shut down oil production and push Brent crude prices above $100 per barrel.
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