Blackrock CEO expects global recession at $150 oil price * Happy Coin News
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- Larry Fink, CEO of the largest asset manager Blackrock, believes that high oil prices will lead to a global crisis.
- Increasing costs in all sectors will worsen the well-being of the poor.
Growing geopolitical tensions in the Middle East and energy sector turmoil are fueling recession fears, Blackrock CEO Larry Fink said. рассказал In an interview on March 25, he said that an oil price rise to $150 per barrel could trigger a global recession.
Years when the oil price exceeded $100, approaching $150, had serious consequences for the economy, Fink said, adding that prolonged supply disruptions and high oil prices will lead to higher costs across all industries and a decrease in household purchasing power.
An alternative scenario in which the situation in Iran improves could see oil prices return to pre-conflict levels or even lower, easing inflationary pressures and stabilizing economic conditions.
Oil prices fell sharply in recent trading, falling approximately 5–6%, with WTI crude approaching $89,80-$90,20 per barrel and Brent crude fluctuating between $98,30 and $100,40. This followed a volatile week filled with expectations of a ceasefire.
Higher energy prices, according to Blackrock’s CEO, represent a structural burden on households. Rising fuel prices act as a regressive force, disproportionately affecting low-income groups while simultaneously curbing consumer activity.
Many corporate executives, the CEO noted, believe the economy may already be in a downturn caused by interconnected factors.
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Originally published at https://happycoin.club on March 26, 2026.
