BofA Sees Oil Around $120 a Barrel if Iran Resumes Infrastructure Strikes

Summary

Francisco Blanch, head of commodities and derivatives research at Bank of America, says oil could average around $120 a barrel over the next few months if Iran goes back to attacking infrastructure in the region. He made the comments on Bloomberg Television as US President Donald Trump said he was weighing further attacks or a resumption of peace talks with Tehran.

Timeline

1. Bloomberg

   26 Oct 2026, 08:56 UTCSource ↗

   Bloomberg reports, in a video interview, that BofA's Francisco Blanch says that if Iran resumes attacks on regional infrastructure, a $120 average oil price is probably on the cards for the next few months.