[JPMorgan: Continued Closure Of Strait Of Hormuz Could Force Iraq And Kuwait To Soon Halt Crude Oil Exports] JPMorgan Predicts That Iraq And Kuwait Will Be Forced To Shut Down Their Crude Oil Supplies, Which Normally Pass Through The Strait Of Hormuz, In Approximately 3 Days And 14 Days Respectively. Analysts, Including Natasha Kaneva, Wrote That By The Eighth Day Of The Strait's Closure, Approximately 3.3 Million Barrels Per Day Of Crude Oil Production Will Be Shut Down; This Will Increase To Approximately 3.8 Million Barrels Per Day By The 15th Day; And To Approximately 4.7 Million Barrels Per Day By The 18th Day. These Estimates Only Apply To Crude Oil And Do Not Include Refined Products. The Bank Notes That This Is A Conservative Estimate And Does Not Include Some Oil Reserves In The Persian Gulf Or Unallocated Empty Ships That May Be Diverted To Either Country

Quick Access to 7x24

Quick Access to More Editor-selected Real-time News

Exclusive video for free

FastBull project team is dedicated to create exclusive videos

Real-time Quotes

View more faster market quotes

More comprehensive macro data and economic indicators

Members have access to entire historical data, guests can only view the last 4 years

Member-only Database

Comprehensive forex, commodity, and equity market data