Lates News

JPMorgan Chase said the probability of the "worst-case scenario" of the Strait of Hormuz being blocked has increased from 7% to 17% in one day. This means that oil prices could spike to 120-130 US dollars per barrel, but the likelihood is low. According to Deutsche Bank, given the significant global impact of such a blockade, Iran is likely to consider it as a last resort and would only do so in extreme circumstances.