Goldman Sachs' senior chairman and ex-CEO, Lloyd Blankfein, has warned that the damage from the Iran war "is going to last," even if there is a resolution tomorrow. He also suggested that some parts of the market may be complacently regarding the conflict, and urged investors to prioritise contingency planning. The conflict escalated after U.S. and Israeli strikes on Iran escalated into a regional war, affecting energy infrastructure in neighboring countries and disrupting key global oil supplies. In an interview with CNBC's Steve Sedgwick, Blankfeen also commented on the broader fiscal picture in the US, potential risks from private markets, and the potential for a reckoning with the rising tide of equity markets.