BlackRock CEO: $150 oil prices will trigger a global economic recession.

BlackRock CEO Fink stated that if the price of oil reaches $150 per barrel, it will trigger a global economic recession. Fink believes that it is too early to determine the final scale and outcome of the conflict, but he thinks that the final result will be one of two extremes. One possibility is that if the conflict is resolved and Iran once again becomes a country accepted by the international community, then oil prices may fall below pre-war levels. But if not, then "oil prices could remain above $100 per barrel for many years, approaching $150 per barrel, which has profound effects on the economy," and the result could be "a severe and serious recession."