BlackRock CEO: If Oil Hits $150 a Barrel, It Will Trigger a Global Economic Recession

BlockBeats News, March 25th, BlackRock CEO Larry Fink said in an interview with the BBC that if the price of oil reaches $150 per barrel, it will trigger a global economic recession. It is still too early to determine the final scale and outcome of the conflict, but the eventual result will be one of two extreme situations.

One possibility is that if the conflict is resolved and Iran once again becomes a nation acceptable to the international community, then the price of oil may fall below pre-war levels. On the other hand, "oil prices may remain above $100 per barrel for several years, approaching $150 per barrel, which has a profound impact on the economy," and the result could be "a severe and severe recession."