BlackRock's (BLK) Fink says Iran war could result in lower energy prices long term, via WSJ
Newsquawk Staff ·
BlackRock's (BLK) Fink says Iran war could result in lower energy prices long term, via WSJ.
What it means
BlackRock CEO Larry Fink's remarks suggest that the ongoing conflict in Iran might eventually lead to a drop in energy prices. This perspective could reshape market sentiments around energy commodities, especially WTI, by introducing the possibility of oversupply or a recovery in production. Traders should watch for potential shifts in energy stocks and broader market reactions as this narrative evolves.
Sources
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- UK Budget, 28th October 2026: An uneventful budget expected, but the reaction risks are skewed negative
- Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)
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