BlackRock Inc. (BLK  ) CEO Larry Fink expressed his belief that the ongoing U.S.-Iran conflict will not have lasting economic consequences, even as oil prices continue to rise. During his appearance on Fox News' "Special Report" on Wednesday, Fink dismissed the notion of a prolonged war. He also predicted a potential drop in oil prices, possibly even below pre-war levels, once the conflict ends and if "neutralized" Iran re-enters the global market.

"I mean, there's probably a great probability that oil is gonna be below 50," said Fink.

The CEO of the world's largest asset manager downplayed the short-term impacts on energy prices, stating that the majority of the $14.5 trillion managed by BlackRock is long-dated, hence the short-term market volatility doesn't concern him much.

Despite the recent surge in oil prices, Fink advised investors against making hasty decisions. He expressed concern over many people withdrawing from the market, terming it "the wrong outcome."

"Buy more here....This is a good long-term opportunity," said Fink.

Oil Surge Risk Amid Hormuz Tensions

Earlier this month, Fundstrat's Tom Lee described the recent volatility as a typical "risk-premium expansion," not a structural breakdown. He expects markets to rebound into late March and potentially strengthen through April.

At the same time, JP Morgan cautioned investors that the TACO trade may not be the best strategy during this phase. Instead, he suggested considering alternative investments, particularly infrastructure assets.

Meanwhile, Iranian military spokesperson Ebrahim Zolfaqari warned Washington on Wednesday that oil could go beyond $200 per barrel, accusing it of destabilizing the regional security. The warning comes as tensions threaten shipping through the Strait of Hormuz, which carries about one-fifth of global oil supplies.

When last checked, WTI crude was trading over 4% higher at $91.09 per barrel.