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Originally published by Capital Businessbusiness
March 25, 2026
3h ago
Oil at $150 will trigger global recession, says boss of financial giant BlackRock
Larry Fink, who leads the world's largest asset manager, said if Iran "remains a threat" and oil prices stay high it will have "profound implications" for the world economy. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The boss of financial giant BlackRock warned that oil prices hitting $150 a barrel would trigger a global recession.
- $150 a barrel oil price could lead to a "stark and steep recession."
- Larry Fink, CEO of BlackRock, a financial firm managing $14 trillion in assets.
- Fink also dismissed comparisons to the 2007-08 financial crisis and expressed optimism about the growth potential of AI, while urging a rebalancing of educational focus towards technical trades.
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