TechFlow News, March 25: According to JIN10 Data, Larry Fink, CEO of U.S. financial giant BlackRock, stated that if oil prices reach $150 per barrel, it would trigger a global economic recession. Fink noted that it is still too early to assess the ultimate scale and outcome of the conflict, but he believes the final result will fall into one of two extreme scenarios. In one scenario, if the conflict is resolved and Iran once again becomes an internationally acceptable nation, oil prices could fall below pre-war levels. However, if this does not happen, “oil prices could remain above $100 per barrel for several consecutive years—approaching $150 per barrel—which would have profound economic implications,” potentially resulting in “a severe and deep recession.”
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