BUSINESSglobal
Bank of America 2026 oil outlook: New price target issued
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Updated 3 hours ago
First seen March 17, 2026 13:11:11Stay on top of this story
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Quick Summary
Bank of America has raised its forecast for 2026, warning that the Iran conflict has “wiped out” the global energy surplus and created a far more fragile outlook for supply and prices. BofA analyst Francisco Blanch said in a note to clients that the bank’s baseline “regime alteration” scenario for Iran remains the most likely, ...