BlackRock CEO warns $150 oil could spark recession

BlackRock CEO Larry Fink said oil at $150 a barrel would bring about a "stark and steep recession," warning that a prolonged campaign against Iran could hold energy prices at that level for years, according to The Hill. Fink made the remarks on BBC's "Big Boss Interview" podcast. Fink said the conflict's resolution will land at one of two extremes. One path he described would see Iranian oil flow back into global markets once military operations concluded, bringing energy prices down. The darker scenario ...