12/5/2026, 12:48:02 pm

JP Morgan predicts Brent above $100 despite Hormuz reopening

JPMorgan Chase & Co. predicts oil prices to remain in the low $100 range for most of 2026, averaging $97 per barrel. The bank attributes this to supply chain disruptions taking months to normalize, even if the Strait of Hormuz reopens next month. Brent crude rose above $105 a barrel due to ongoing tensions in the region.