Oil to Test Wartime Highs If Hormuz Standstill Drags, JPM Warns

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Bloomberg Markets 6 hours ago • bloomberg.com

Oil to Test Wartime Highs If Hormuz Standstill Drags, JPM Warns

Oil looks set to test levels seen at the height of the war in the Middle East if cargoes shipped through the Strait of Hormuz take until July to fully recover, according to JPMorgan Chase & Co.

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