Oil prices jump after Trump dismisses Iran proposal to end war - BBC
ShareSaveAdd as preferred on GoogleMichael Race & Osmond ChiaBusiness reportersEPA/ShutterstockGlobal oil prices are predicted to remain in the "low $100s" for much of this year even if the Strait of Hormuz reopens as early as next month, investment bank JP Morgan has suggested. The bank said on Monday supplies of oil in the region would not return to normal service quickly.