Back to today’s briefing

Story perspectives

Rising Oil Prices Spark Global Recession Fears, Warns BlackRock

4/2/2026

31 2 Full Breakdown

Summary

Story summary

The ongoing war in the Middle East raises concern about a potential global recession as oil prices rise.
Larry Fink, BlackRock CEO, warned that crude could reach $150 per barrel, potentially harming the global economy.
On the podcast In The Room, ex-deputy cabinet secretary Helen MacNamara and former No 10 special advisor Cleo Watson discuss the UK's readiness for such economic challenges.

1 of 1

Story summary

The ongoing war in the Middle East raises concern about a potential global recession as oil prices rise.
Larry Fink, BlackRock CEO, warned that crude could reach $150 per barrel, potentially harming the global economy.
On the podcast In The Room, ex-deputy cabinet secretary Helen MacNamara and former No 10 special advisor Cleo Watson discuss the UK's readiness for such economic challenges.