JPMorgan's forecast of triple-digit Brent crude prices could soon be a reality as conflict risk in and around the Strait of Hormuz intensifies. The waterway, which handles roughly 20% of global oil trade, remains one of the world's most critical maritime chokepoints. Any disruption, particularly amid growing military escalation between Iran and Israel, could impact energy flows worldwide and send prices soaring. 

The most concerning sign of potential maritime disruption in the Strait of Hormuz emerged in the overnight hours via a statement on X by former Iranian Economy Minister Ehsan Khandouzi. While unofficial, the timing and seniority of the comment may reflect broader regime sentiment—or serve as a warning of what's to come.

"Starting tomorrow, for 100 days, no oil tankers or LNG cargoes will be able to pass through the strait without Iran's approval," Khandouzi said. 

He stated, "This policy is decisive if it is implemented "in a timely manner." Any delay in its implementation means enduring more war inside the country. Trump's battle must be ended with a combination of economy and security."