Bank of America's Francisco Blanch: oil supplies will return to normal as it serves both US and Iran interests
Bank of America head of commodities and derivatives research Francisco Blanch told El País in a Madrid interview that oil supplies around the Strait of Hormuz will fully normalise within three to five weeks and that Brent crude will drift back to 75 dollars. Blanch pointed to a shared US-Iran interest in stable energy markets.
El País English5 h agoBAC PBR