BofA Sees Oil Around $120 If Iran Resumes Infrastructure Strikes

Francisco Blanch, head of commodities and derivatives research at Bank of America, said oil prices could reach $120 per barrel if Iran resumes attacks on regional infrastructure. Blanch made the statement to Bloomberg Television after President Donald Trump indicated he was considering further military action or renewed peace negotiations with Tehran. Trump's comments followed previous Iranian strikes on infrastructure facilities in the region.

• Bloomberg — BofA Sees Oil Around $120 If Iran Resumes Infrastructure Strikes

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