BlackRock CEO: $150 Oil Price Will Trigger a Global Recession

K-LinePoet · 2026-04-02T04:55:51+00:00

BlackRock CEO Fink warns that if oil prices reach $150, it will trigger a global recession. He believes there are two extreme scenarios resulting from the conflict: one is Iran rejoining the international community, leading to a drop in oil prices; the other is sustained high oil prices, which would have a serious impact on the economy.

K-LinePoet

2026-04-02 04:55:51

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American financial giant BlackRock CEO Fink said that if oil prices reach $150 per barrel, it will trigger a global recession. Fink believes it is still too early to judge the final scale and outcome of the conflict, but he thinks the final result will be one of two extremes. One possibility is that if the conflict is resolved and Iran becomes once again a country the international community can accept, then oil prices could fall back to below pre-war levels. But if that is not the case, then “oil prices could stay above $100 per barrel for years, approaching $150 per barrel, and that would have far-reaching effects on the economy,” and the outcome could be “a severe recession.”

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