BofA: Oil Could Hit $120 on Iran Infrastructure Strikes
Bank of America commodities head Francisco Blanch said oil prices could reach around $120 per barrel if Iran resumes attacks on infrastructure in the region, following comments from President Trump on potential further attacks or peace talks with Tehran.
Original · Bloomberg AI summary of public reporting
Why: Iran resuming infrastructure strikes → higher oil prices
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At publication → CurrentBRENTOIL109.74 → 109.98+0.2%
CL100.87 → 101.02+0.1%