BlackRock CEO Larry Fink warned this week that the war in Iran could result in a global recession due to the pressure the conflict is putting on international energy markets.
Fink, who leads the world’s largest asset manager, said he sees the war ending in one of two “extreme scenarios,” during a BBC interview published Wednesday. One outcome could see Iran again accepted into the international community, with oil prices plunging to record lows. The other could see energy prices driven to historic highs, he mused, noting that “I don’t think anybody knows what the outcome will be.”
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“I could paint a scenario where I could see, a year from now, oil at $40 a barrel; I could see it above $150. We have two very extreme outcomes,” Fink said. “Everybody has to recognize that there’s not going to come somewhere in the middle. It’s going to be [one] of two
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