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BlackRock CEO Larry Fink has said oil prices could reach $150 a barrel and cause a “global recession” if Iran “remains a threat” even after the war ends, Reuters reports.
“If there is a cessation of war, and yet Iran remains a threat, a threat to trade, a threat to the Strait of Hormuz, a threat to this peaceful coexistence of the GCC region, then I would argue that we could have years of above $100 closer to $150 oil which has profound implications in the economy,” Fink told BBC’s Big Boss Interview podcast published today.
“We will have global recession,” he said, when asked if oil stays at $150 a barrel.
