Larry Fink, CEO of BlackRock and the most powerful man in finance: The global economy will enter a recession if the war in Iran lasts more than a year'

"The war in Iran has disrupted the entire economic landscape. It will depend on how long the conflict lasts. If the war ends, will it mean that Iran will cease to be a country that exports hostility and spreads instability throughout the region?"

"If the outcome is that we have a more secure region and Iran opens to the world, the future valuation of oil will be much reduced from where it is today. But if Iran is still a hostile country, that's a very different outcome."

"I'm an optimist, so I do believe that we'll find a solution and that Iran can be part of the world community. When the export of energy [to the West] is allowed, then you could have lower prices."

Larry Fink, chairman and CEO of BlackRock, oversees $14 trillion in assets, making him a powerful figure in financial markets. His influence is sought after by political leaders and businesspeople alike. In a recent interview, Fink discussed the potential economic consequences of the war in Iran, emphasizing that the conflict's duration will significantly impact global growth and financial assets. He expressed optimism about a peaceful resolution that could lead to lower oil prices if Iran integrates into the world economy.

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