Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel—or global recession and years of oil at $150

The question on Wall Street’s lips this week has been about Iran: When and how will the war end? President Trump issued some positive updates over the past 48 hours, though some analysts have pointed out there’s little verifiable action at present to support those claims. BlackRock CEO and founder Larry Fink sees the conflict ending in one of two extremes: Global powers accept Iran, and its goods and services (most importantly, its oil) is released onto the world market, pushing prices down. Or, the Iranian regime continues to stand at odds with global adversaries, and oil prices stay significantly elevated not for mere months, but for years.Wall Street has been determinedly upbeat about the war in Iran resolving in a relatively short window—even the ever-skeptical Jamie Dimon, CEO of JPMorgan Chase, said he is a “little optimistic” about the long-term outcome of the current chaos in the Middle East.

Fink also wants to be hopeful, and outlined there is a best-case scenario: “I could paint a scenario where I could see, a year from now, oil........

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