Oil prices could hit $150 even after war ends: BlackRock

BlackRock Inc. President Rob Kapito said oil prices could reach $150 a barrel even after the war ends.

It will take time for disrupted supply chains to return to full capacity, Kapito said at the Asia Pacific Financial and Innovation Symposium in Melbourne on Thursday.

He added that investors may be underestimating the risks stemming from the Iran war, which are likely to weigh on growth and drive inflation higher even if the conflict ends soon, according to Bloomberg.

“What if this disruption is a week, six months, a year — what is it going to mean for the companies that I own?” Kapito said. “My biggest concern is that people aren’t looking at this - they’re just making the assumption” for an optimistic outcome.