Soaring Oil Prices Spell Global Recession, BlackRock CEO Warns

BlackRock CEO Larry Fink cautions that prolonged high oil prices above $150 per barrel could trigger a global economic recession with severe consequences.

Oil prices surging to $150 per barrel would have profound implications for the global economy and likely trigger a worldwide recession, according to the head of the world's largest asset manager, BlackRock.

Larry Fink, CEO of BlackRock, warned that if crude oil prices remain elevated for an extended period, it would have a

Oil Surge Threatens Global Recession, BlackRock Chief Warns

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