🚨 BREAKING:
Larry Fink — the CEO of BlackRock — has warned that if oil prices climb to ~$150 per barrel, it could trigger a global recession amid ongoing geopolitical tensions, especially related to Iran.
📌 Key takeaways:
• High energy costs act like a regressive tax on global economies.
• Prolonged elevated oil prices can squeeze growth, boost inflation and slow economic activity.
• The comments come amid supply concerns linked to disruptions in the Middle East.
📊 Market implications:
• Oil near or above $150 may increase economic downside risk.
• Investors could see volatility across equities and risk assets.
• Energy markets, inflation expectations and growth forecasts may shift.
This isn’t a guaranteed outcome — it’s a risk assessment based on macro conditions and geopolitical uncertainty.