Book Sees Oil Risk If Iran Conflict Broadens

Kevin Book, Managing Director at ClearView Energy Partners, says oil prices are headed higher as renewed US strikes against Iran raise fresh risks around flows through the Strait of Hormuz.

He says a move back toward $120 a barrel would likely require a broader escalation, including damage to civilian infrastructure or regional production.

Book also discusses potential Russia sanctions and their impact on energy markets.

He speaks with Joe Mathieu and Kailey Leinz on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)