BlackRock CEO Warns of Potential Global Recession if Oil Prices Hit $150 per Barrel

BlackRock CEO Larry Fink has warned that if oil prices reach $150 per barrel, it could trigger a global economic recession. According to Jin10, Fink expressed that it is too early to determine the ultimate scale and outcome of the ongoing conflict, but he believes the result will likely fall into one of two extreme scenarios. One possibility is that if the conflict is resolved and Iran is reintegrated into the international community, oil prices might drop below pre-conflict levels. However, if this does not occur, oil prices could remain above $100 per barrel for several years, potentially nearing $150 per barrel, which would have profound economic implications. This scenario could lead to a severe and significant recession.