Larry Fink warns oil near $150 could trigger global recession

BlackRock CEO Larry Fink warned that sustained oil prices near $150 would likely trigger a steep global recession. He said years of oil above $100, closer to $150, would have profound implications for the world economy. Rising energy costs would stoke inflation, squeeze consumer spending, and force central banks into tighter policy. That combination would cut growth across countries and raise the risk of a sharp, widespread downturn.