Direct Iran-Israel war could spike oil by $30 to $40, Bank of America says

A direct war between Israel and Iran could lead to substantially higher oil prices through 2025, according to Bank of America. Oil could surge by $30 to $40 per barrel if hostilities escalate into a monthslong war that impacts energy infrastructure and causes disruptions to Iranian crude supplies, according to the bank. The price of Brent could spike to $130 in the second quarter while U.S. crude oil would soar to $123, they predict. This scenario assumes that Iran's crude …