BlackRock CEO, Larry Fink, has warned that the future price of oil will determine if Iran stays isolated and disrupts regional trade. If Iran accepts a 15-point U.S. proposal to end the war, oil prices could fall below pre-war levels and boost global supply. Fink also warned of a global recession if oil prices remained at $150 a barrel, which would likely cause a stark and steep recession. The conflict has impacted the Strait of Hormuz, which typically handles 20% of the world's crude and liquefied natural gas supply. The rising oil prices often increase inflation and lead to high-risk assets such as Bitcoin.