Ken Griffin Warns Global Recession Could Follow Prolonged Closure of Strait of Hormuz
Billionaire hedge fund manager Ken Griffin has warned that a prolonged closure of the Strait of Hormuz could trigger a global recession due to rising energy prices. The strait, which carries about 20% of global oil consumption daily, is currently operating at just 5% capacity following an air campaign against Iran in late February.
Topics: energy_prices geopolitical_conflict recession_forecast strait_of_hormuz