Need to see 10x more ships through the Strait to normalize oil prices: BofA’s Francisco Blanch

Joining us now to talk about the energy markets, the head of commodities and derivatives at Bank of America, Francisco Blanch. Uh Francisco, great to have you with us. You know, given the latest developments in Iran and or maybe lack of developments, does that alter your view of where crude finishes.Well, the reality of the matter is uh we've expecting oil to be in the $70 to $80 a barrel range for Brent uh on the assumption that we were going to see some resolution, but if we don't, we're going to keep cre ...