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🔝 Brent could hit $90-$130 as Iran tensions tighten oil supply
Bank of America’s Francisco Blanch forecasts Brent crude at around $90 in the best-case scenario, with risks of $120-$130 if Iran-related tensions escalate and disrupt the Strait of Hormuz.
He warns that tight global supply is already creating a significant deficit, supporting "higher-for-longer" oil prices and prolonged market stress.