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Stock impact report

BlackRock CEO outlines 2 extreme scenarios for global oil [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
Speaking on the BBC's "Big Boss Interview" podcast on March 25, he warned that the global economy faces either a period of growth or a severe downturn. The deciding factor will be the future price of oil Fink explained that if hostilities cease but Iran stays isolated and disrupts regional trade, energy markets will suffer "If there is a cessation of war, and yet Iran remains a threat, a threat to trade, a threat to the Strait of Hormuz, a threat to this peaceful coexistence of the GCC region, then I would argue that we could have years of above $100 closer to $150 oil which has profound implications in the economy," Fink told the BBC When asked directly about the impact of oil staying at $150 a barrel, he replied, "We will have global recession." He added that this scenario would likely cause "a probably stark and steep recession." Related: BlackRock CEO sends blunt message on markets Historic supply disruptions The conflict began over three weeks ago and has severely Show less Read more
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