""I could paint a scenario where I could see, a year from now, oil at $40 a barrel, I could see it above $150—we have two very extreme outcomes.""
""Everybody has to recognise that there's not going to come somewhere in the middle. It's going to be [one] of two extremes: Is Iran a country that can be accepted by the international community, can it be a country that participates in the world again?""
The resolution of the conflict in Iran could lead to two extreme outcomes: either global acceptance of Iran, resulting in lower oil prices, or continued tensions, keeping prices elevated for years. BlackRock CEO Larry Fink suggests that oil could range from $40 to over $150 per barrel depending on the situation. The Strait of Hormuz, crucial for oil exports, is currently under threat, affecting global supply and causing uncertainty in the market.
Read at Fortune
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