The Wall Street side of the Charlotte-based bank laid out scenarios where oil could hit $150 per barrel, or even $250, depending on how the war shakes out.
The international oil benchmark Brent crude held around $88 Wednesday after trading closer to $94 late last week.
Bank of America sees any escalation involving Iran triggering a jump to $120 to $130 per barrel.
If a physical supply disruption occurs because of attacks on energy infrastructure, oil could surge above $130 a barrel, Bank of America said.
If the strait is closed, oil prices can spike above $250 per barrel, the bank said.
Persons:
BofA
Organizations:
Hamas, Bank of America, Brent, . West Texas, West Texas, U.S, Hezbollah, bbl
Locations:
Israel, Charlotte, Iran, Palestinian, Yemen, Iraq, Lebanon, Tehran, Syria, Lebanese, Hormuz