BlackRock CEO Larry Fink warns oil at $150 per barrel would trigger global recession
Larry Fink, CEO of BlackRock, told the BBC that oil prices reaching $150 per barrel would trigger a global recession with profound implications for the world economy. He said the outcome depends on whether the Middle East conflict is resolved and Iran becomes accepted by the international community, or if tensions continue leading to sustained high oil prices. BlackRock manages $14 trillion in assets, giving Fink significant insight into global economic conditions.
No left-right split here
Coverage clusters in the center and international press. Here is each take as it stands.
“BlackRock CEO Fink warns of 'global recession' if oil goes to $150, BBC reports - Reuters”
“Oil at $150 will trigger global recession, says boss of financial giant BlackRock”
“BlackRock CEO predicting 'global recession' if oil hits $150”