Ken Griffin Warns of Global Recession Risk If Strait of Hormuz Remains Closed for 6-12 Months
Citadel CEO Ken Griffin warned that a six to twelve month closure of the Strait of Hormuz could lead to an unavoidable global recession. The strait handles 20-25% of global oil shipments, and its closure would disrupt global energy markets. While Griffin's assessment is seen as accurate, the article suggests that some signs indicate the conflict with Iran may be nearing resolution.
Topics: geopolitical risk global recession market volatility oil prices Strait of Hormuz