BlackRock Inc. CEO Larry Fink claimed on Wednesday that the war against Iran could have a positive long-term impact and lead to lower energy prices.
"If there's a resolution, or some neutralization of Iran and Iran is less of a global threat. And their energy market is now opened up to the world ... I believe the big longer term possibility is lower energy prices, not higher," Fink said at BlackRock's Infrastructure Summit in Washington, according to the Wall Street Journal.
The executive also noted that he is not concerned about inflation, despite pressures from oil prices, which are currently rising due to the Middle East conflict, and tariffs.
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