BlackRock CEO Larry Fink said he expects a potential U.S.-Iran conflict would not significantly impact the American economy, predicting any military engagement would be relatively short-lived.

Fink made the comments as oil and gas prices have risen amid escalating tensions in the Middle East. He suggested that once a conflict concludes and Iran potentially reenters global markets, oil prices could fall below $50 per barrel.

The BlackRock chief executive's remarks come as investors and analysts monitor geopolitical developments that could affect energy markets and broader economic conditions. Current gas price increases have raised concerns about potential impacts on consumer spending and inflation.

During his comments, Fink also addressed questions about corporate environmental, social and governance initiatives at BlackRock, though he did not elaborate on specific details regarding the company's approach to such programs.

BlackRock manages approximately $10 trillion in assets globally, making Fink's economic predictions closely watched by financial markets and policymakers.