JPMorgan Analyst Predicts Continued Rise in Oil Prices Amid Iran Conflict
JPMorgan analysts suggest oil prices may continue to rise due to ongoing disruptions in the Strait of Hormuz caused by the war with Iran. Brent crude has surged over 60% to around $100 per barrel, and WTI has also risen over 60% to about $95 per barrel. The prolonged supply disruption is expected to boost oil company cash flows.
