Deep Tide TechFlow News: On March 25, according to Golden Ten Data, American financial giant BlackRock CEO Fink stated that if oil prices reach $150 per barrel, it will trigger a global economic recession. Fink believes it is premature to judge the ultimate scale and outcome of the conflict at present, but he believes the final outcome will be one of two extreme scenarios. One possibility is that if the conflict is resolved and Iran becomes a country acceptable to the international community again, oil prices may fall below pre-war levels. However, if that is not the case, then "oil prices may remain above $100 per barrel for consecutive years, approaching $150 per barrel, which will have profound implications for the economy," and the result could be "a severe and serious recession."
Deep Tide TechFlow News: On March 25, according to Golden Ten Data, American financial giant BlackRock CEO Fink stated that if oil prices reach $150 per barrel, it will trigger a global economic recession. Fink believes it is premature to judge the ultimate scale and outcome of the conflict at present, but he believes the final outcome will be one of two extreme scenarios. One possibility is that if the conflict is resolved and Iran becomes a country acceptable to the international community again, oil prices may fall below pre-war levels. However, if that is not the case, then "oil prices may remain above $100 per barrel for consecutive years, approaching $150 per barrel, which will have profound implications for the economy," and the result could be "a severe and serious recession."