# Takeaways - stemming from the Iran war, which are likely to weigh on growth and drive inflation higher.
* Kapito warned that growth could be hit and inflation may rise even if the war ends soon, and that oil may still spike to $150 a barrel as disrupted supply chains take time to return to full capacity.
* Apollo Global Management’s President Jim Zelter also cautioned about heightened risks of a US recession and to the credit cycle from a prolonged conflict, saying US consumers are already showing signs of distress.