The Times of India

BlackRock CEO Larry Fink warns oil could hit $150 amid IranUS war, causing 'global recession'

Larry Fink, BlackRocks CEO, warns that Irans ongoing threats could push oil to $150 a barrel, risking a deep global recession. Even post-ceasefire, regional instability around the Strait of Hormuz may keep prices elevated for years. He stresses the regressive impact on consumers and urges accelerated investment in alternative energy to shield economies from prolonged energy shocks.