BofA Sees Oil Around $120 If Iran Resumes Infrastructure Strikes

Francisco Blanch, head of commodities and derivates research at Bank of America, discusses the outlook for oil prices after US President Donald Trump says he's weighing further attacks or a resumption of peace talks with Tehran. "If Iran goes back to attacking infrastructure in the region, we think $120 a barrel is probably on the cards on average for the next few months," Blanch tells Bloomberg Television. (Source: Bloomberg)