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Oil price predicted to remain above $100 for rest of year - JP Morgan said its analysis "now suggests that oil prices should remain in the low $100s for most of the rest of this year, averaging $97 for 2026 as a whole"(www.bbc.com)
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[-]Neol3(+2|0)

From the article:

Nasser told investors on Monday that the energy shock triggered by the war was likely to extend into 2027, even if the Strait of Hormuz re-opens.

"If the Strait of Hormuz opens today, it will still take months for the market to rebalance, and if its opening is delayed by a few more weeks, then normalisation will last into 2027," he said.

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