BlackRock CEO Fink warns of 'global recession' if oil goes to $150, BBC reports

March 25 (Reuters) - BlackRock ‌CEO Larry ​Fink ​said oil prices could reach $150 a barrel and cause a "global recession" if Iran "remains ‌a threat" even after the war ends.

"If ⁠there is a cessation of war, and yet Iran ‌remains a threat, a ‌threat to trade, a threat to the Strait of Hormuz, a threat to this peaceful coexistence ​of the GCC region, then I would argue that we could have years of ⁠above $100 closer to $150 oil which has profound implications in the economy," ​Fink told BBC's Big Boss Interview podcast published on Wednesday.

"We will have global recession," he said, ​when asked if oil ‌stays at $150 a barrel.

Oil prices have remained volatile and risen sharply since the ⁠U.S.-Israeli war on Iran began. However, prices sank about 4% on Wednesday after reports the U.S. had ⁠sent Iran a 15-point proposal aimed at ending the ​war, raising prospects of a ceasefire.

The war has all but halted shipments of oil and liquefied natural gas through ‌the Strait of Hormuz, which typically carries about one-fifth of the world's ‌gas and crude supply, causing what the International ⁠Energy Agency has called ‌the biggest-ever oil ​supply disruption.

(Reporting by Anusha Shah in Bengaluru; Editing by Sonia Cheema and Arun ‌Koyyur)

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