Oil Shock Threatens Global Economy Outlook Mounting geopolitical strain and energy volatility are raising recession concerns as Blackrock CEO Larry Fink told the BBC in an interview published March 25 that oil reaching $150 per barrel could trigger a sharp global downturn. He pointed to tensions involving Iran as a central driver of market instability. The outlook includes a downside scenario tied to prolonged disruption in global oil supply, particularly if Iran remains a threat to critical shipping routes such as the Strait of Hormuz. Fink said: “Years of above $100, closer to $150 oil, which has profound implications in …