[JPMorgan Chase: Under the long-term blockade scenario of the Strait of Hormuz, Brent oil may average US$87 per barrel next year] On September 9, a team of JP Morgan analysts led by Natasha Kaneva, director of commodity research, said in a research report: Even if a "permanent conflict" scenario occurs and the Strait of Hormuz is effectively closed, the average price of Brent crude oil futures next year may still reach US$87 per barrel. JPMorgan Chase's baseline scenario predicts that the average price of Brent crude oil next year will be US$63 per barrel. This scenario assumes that "the world will maintain a peaceful state in 2027." "Conflicts may last much longer than" the default in the baseline scenario. "But that doesn't mean oil prices need to go significantly higher from here."