Loading…
Oil prices jumped almost 3% on Thursday as the Israel-Iran conflict escalated and the US response remained uncertain. JP Morgan's extreme scenario includes a Strait of Hormuz closure, which could send oil to $120-$130 a barrel.
The article gives limited detail beyond these points.
A Strait of Hormuz closure would cut a major share of global crude flows, which would push energy and freight costs sharply higher for feed buyers. Current gains reflect risk premium rather than confirmed supply loss.
reuters.comAmanda StephensonJun 19, 2025After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
