Global recession is inevitable if Strait of Hormuz stays shut, says Citadel's Ken Griffin ⊖
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2026 › April › 14
Global
78 days ago
A prolonged blockage of the Strait of Hormux for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.
Global oil demand to plunge amid disruptions caused by war on Iran: IEA ⊖
The IEA's oil 'demand destruction' report comes after its chief said unnamed countries are hoarding stocks.
World faces food ‘catastrophe’ if Strait of Hormuz disruption persists: FAO ⊖
Global agriculture is highly exposed to the blockage of waterways, risking higher commodity prices and food inflation.
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