J.P. Morgan raises "worst-case scenario probability" to 17%: if the Strait of Hormuz is closed, oil prices will rise to $120.

JPMorgan Chase says the probability of the "worst-case scenario" of the blockade of the Strait of Hormuz has risen from 7% to 17% in one day, which means oil prices could surge to $120-130 per barrel, but the probability is low. According to Deutsche Bank, given the significant global impact of such a blockade, Iran is likely to use it as a last resort and consider it only in extreme circumstances.