[JPMorgan: Brent Crude Could Average $87/Barrel Next Year in Case of Long-Term Hormuz Strait Blockade] Golden Finance reports that on September 9, a team of JPMorgan analysts led by Natasha Kaneva, head of commodity research, stated in a research report: Even in a 'permanent conflict' scenario where the Hormuz Strait is effectively closed, Brent crude oil futures could still average $87 per barrel next year. JPMorgan's baseline scenario forecasts Brent crude oil to average $63 per barrel next year, assuming 'global peace is maintained through 2027.' 'The duration of the conflict could be far longer than the assumptions in the baseline scenario. However, this does not necessarily mean oil prices need to rise significantly from current levels.'