Larry Fink, CEO of BlackRock, warned that the continued rise in oil prices could push the global economy into a severe recession, highlighting serious repercussions if the Iran war persists and prices reach levels of $150 per barrel.

Fink explained during his participation in the BBC podcast "The Big Interview" that ongoing threats to global trade and the Strait of Hormuz could keep oil prices above $100, and push them toward $150 for an extended period, which could have profound effects on the global economy.

He added that even if the war ends without a change in the Iranian regime, risks will remain, stating: "If the war ends, but Iran continues to threaten trade and the Strait of Hormuz, and regional stability in the Gulf, we could see years of oil prices exceeding $100 and approaching $150, with significant economic repercussions."

When asked about the impact of reaching such oil prices, he responded directly: "We will witness a global recession."

Oil prices have experienced notable fluctuations since the outbreak of the war, dropping about 4% after reports indicated that the United States proposed a 15-point plan to Iran to end the conflict, increasing the chances of a ceasefire.

Conversely, the war has caused nearly complete disruption of oil and LNG shipments through the Strait of Hormuz, which accounts for about one-fifth of the world's oil and gas supplies.

The International Energy Agency (IEA) described this situation as one of the largest energy supply disruptions ever, reflecting the magnitude of risks facing energy markets and the global economy.