J.P. Morgan warns oil could top $150 if disruptions persist into mid‑May

J.P. Morgan warned oil could spike to $120–$130 per barrel in the near term and has a risk of surging above $150/bbl if supply transiting the Strait of Hormuz remains disrupted into mid‑May. Such an outcome would materially pressure energy-sector prices, add upside to inflation expectations and create broader market and trade-flow risks.

Analysis

J.P. Morgan warned oil could spike to $120–$130 per barrel in the near term and has a risk of surging above $150/bbl if supply transiting the Strait of Hormuz remains disrupted into mid‑May. Such an outcome would materially pressure energy-sector prices, add upside to inflation expectations and create broader market and trade-flow risks.