Blackrock boss warns of ‘stark global recession’ if oil prices hit $150 due to Iran war

NodeGuardian · 2026-03-27T02:40:03+00:00

Larry Fink of BlackRock cautions that an oil price surge to $150 from the Iran conflict could trigger a significant recession, hurting the poor and raising living costs in the UK, though prices may drop if Iran improves relations.

NodeGuardian

2026-03-27 02:40:03

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Larry Fink, BlackRock’s co-founder, warned that a sustained increase in oil prices to $150 due to the Iran conflict would lead to a “stark and steep recession,” disproportionately affecting the poor. He emphasized that elevated energy costs would have profound economic implications, potentially leading to fuel and food price hikes in the UK. However, Fink also noted that oil prices could fall if Iran re-engaged with international relations, and he dismissed any comparison to the 2008 financial crisis.

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