CryptoWorld News reports that JPMorgan analysts say that if cargo transportation through the Strait of Hormuz is not fully restored until July, oil prices are likely to test wartime highs. The analysts point out that the market is currently pricing in a rapid reopening of the waterway, expecting about half of normal traffic to resume in May and full recovery by June. However, "if the gradual recovery to 100% of pre-war levels only occurs by July, there could be an upside risk of $15 to $20 per barrel."