JPMorgan Chase: If passage through the Strait of Hormuz is disrupted for 3-4 weeks, crude oil prices could be pushed up to over $100 per barrel.

JPMorgan Chase stated that even if passage through the Strait of Hormuz is only disrupted for 3-4 weeks, it could force Gulf Cooperation Council member states to shut down oil production and push Brent crude prices above $100 per barrel.