Just weeks earlier, Larry Fink expressed hope for a “neutralized Iran,” framing the conflict as a good investment opportunity
BlackRock CEO Larry Fink has warned of an impending global recession if the US-Israeli war on Iran drags on and oil prices remain above $100 a barrel. The stark prediction comes just weeks after Fink framed the conflict as a good long-term investment opportunity.
In a wide-ranging interview with the BBC this week, Fink said oil prices could stay above $100 per barrel for years if Iran “remains a threat,” potentially hitting $150 and sparking “a probably stark and steep recession.”
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