JPMorgan says there is a risk of prices above USD 150/bbl if strait of Hormuz flows remain impaired into mid-May
JPMorgan's warning about potential oil prices exceeding USD 150/bbl highlights significant geopolitical risks tied to the Strait of Hormuz.
EU's Kallas says they must scale up EU's aspides naval mission; cannot afford to lose another critical trade route
Regeneron (REGN) says it expects to be exempt from the Pharma tariffs that it hears are being announced today
JPMorgan says there is a risk of prices above USD 150/bbl if strait of Hormuz flows remain impaired into mid-May
Ukraine President Zelensky says Ukraine can help partners to support security of the Strait of Hormuz
OpenAI is lowering annual price of ChatGPT Business from USD 25 to USD 20 per seat
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- Working assumption is that strait disruption will eventually be resolved, with oil prices expected to stay elevated (higher than USD 100/bbl) in Q2 before retracing in H2 26.
If flows remain impaired, this could lead to sustained elevated prices in Q2, impacting inflation and economic growth forecasts, especially for energy-sensitive currencies and sectors.
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