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JPM's Lakos: Dwindling Oil Inventories Could Force Reopening of Hormuz
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JPM's Lakos: Dwindling Oil Inventories Could Force Reopening of Hormuz

Bloomberg Markets · May 12, 2026, 11:06 AM

Traffic in the Strait of Hormuz remains at a standstill, with the US President saying the ceasefire is on "massive life support". Dubravko Lakos, Global Head of Market Strategy at JPMorgan, says inventories have helped to offset to the energy shock so far, but we're now heading towards so-called "op

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