Larry Fink Says Oil Could Crash Below $50 If War Leaves Iran 'Neutralized': 'Great Probability'

BlackRock Inc. (NYSE:BLK) CEO Larry Fink expressed his belief that the ongoing U.S.-Iran conflict will not have lasting economic consequences, even as oil prices continue to rise.

During his appearance on Fox News’ “Special Report” on Wednesday, Fink dismissed the notion of a prolonged war. He also predicted a potential drop in oil prices, possibly even below pre-war levels, once the conflict ends and if “neutralized” Iran re-enters the global market.

“I mean, there’s probably a great probability that oil is gonna be below 50,” said Fink.

The CEO of the world’s largest asset manager downplayed the short-term impacts on energy prices, stating that the majority of the $14.5 trillion managed by BlackRock is long-dated, ...

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Larry Fink Says Oil Could Crash Below $50 If War Leaves Iran 'Neutralized': 'Great Probability'

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