JP MORGAN: WORKING ASSUMPTION IS THAT STRAIT DISRUPTION WILL EVENTUALLY BE RESOLVED, WITH OIL PRICES EXPECTED TO STAY ELEVATED (HIGHER THAN $100/BBL) IN 2Q BEFORE RETRACING IN 2H26

2026-04-03

JP MORGAN: WORKING ASSUMPTION IS THAT STRAIT DISRUPTION WILL EVENTUALLY BE RESOLVED, WITH OIL PRICES EXPECTED TO STAY ELEVATED (HIGHER THAN $100/BBL) IN 2Q BEFORE RETRACING IN 2H26