A full closure of Hormuz would have a significant impact on global oil supply and prices, with JPMorgan & Co. analysts predicting a 70% spike in crude prices.

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Economics @lemmy.ml ☆ Yσɠƚԋσʂ ☆ @lemmy.ml 2w ago

A full closure of Hormuz would have a significant impact on global oil supply and prices, with JPMorgan & Co. analysts predicting a 70% spike in crude prices.

www.bloomberg.com /news/articles/2025-06-22/how-a-cornered-iran-could-wreak-havoc-on-global-oil-trade