BofA Says Brent Could Top $150 a Barrel if Iran War Supply Disruptions Persist
Summary
- Bank of America said oil supply disruptions tied to the Iran war could push Brent crude prices above $150 a barrel if they persist for an extended period.
- BofA said the duration of supply disruptions caused by the Iran war is a key variable for global oil prices.
- BofA said prolonged supply disruptions could intensify pressure on global crude supply and demand, potentially pushing Brent crude prices above $150 a barrel.
Forecast Trend Report by Period
Bank of America said Brent crude could climb above $150 a barrel if oil supply disruptions stemming from the Iran war are prolonged.
Cointelegraph reported on September 22 that BofA sees the duration of supply disruptions caused by the Iran war as a key variable for global oil prices.
If the disruptions persist for an extended period, pressure on global crude supply and demand would intensify, potentially sending Brent above $150 a barrel.
The bank said that forecast reflects a scenario in which oil supply disruptions last for a prolonged period.
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