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As soon as the tension between Israel -Iran is increasing, JPMorgan issued a serious warning: the increase in stresses can affect oil traffic in the strain, which can lead to a rise of about 75% of oil prices (up to $ 120– $ 130 per barrel). However, the bank still estimates that the prices may remain stable between $ 60 – $ 67 by 2026, avoiding the global supply crisis situation, as the current rates (Brent at $ 76, WTI at $ 74) have not been severely adjusted. This analysis is the direct result of recent American air actions and increased uncertainty in the Gulf region.
