Bank of America issues $130 oil warning ...News

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Bank of America issues $130 oil warning
A direct war between Israel and Iran could “substantially” drive prices up, the bank has said in a note cited by CNBC An all-out war between Israel and Iran could drive oil prices up by $30-$40 per barrel, Bank of America experts have told clients in a research note seen by CNBC. Tehran and West Jerusalem have traded threats since Iran conducted its first direct military attack on the Jewish state last weekend, in retaliation for a suspected Israeli airstrike on the Iranian diplomatic mission in Syria earlier this month. If hostilities escalate into a protracted conflict that impacts energy infrastructure and dis

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