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VERIFIEDET Markets·neutral
JP Morgan sees Brent staying in low $100s even if Hormuz reopens in June
AI Summary
- ·JP Morgan anticipates Brent crude oil prices will remain in the low $100s.
- ·The bank's base case scenario projects the Strait of Hormuz reopening in June.
- ·This reopening is expected to occur following a credible announcement confirmed by both sides.