BlackRock boss warns oil at $150 a barrel could trigger recession

BlackRock chief executive Larry Fink warned that sustained oil prices near $150 a barrel would have profound implications and could trigger a global recession. He singled out Middle East supply risks, including threats from Iran, as a major potential driver of such a price shock. A prolonged spike to that level would sharply raise inflation, squeeze household and business budgets, and slow consumer demand. That combination would likely force central banks to tighten policy and push major economies into recession.