BofA’s Francisco Blanch Explains the Path to $200 Oil

BofA's Francisco Blanch warns recession risk is rising "by the week" if the Iran war continues into April and May and says the conflict will fundamentally reshape commodity markets. Expect downside pressure on growth-sensitive assets and upward pressure on energy and commodity prices; monitor oil supply routes, commodity price moves and consider defensive positioning and hedges.

Analysis

BofA's Francisco Blanch warns recession risk is rising "by the week" if the Iran war continues into April and May and says the conflict will fundamentally reshape commodity markets. Expect downside pressure on growth-sensitive assets and upward pressure on energy and commodity prices; monitor oil supply routes, commodity price moves and consider defensive positioning and hedges.