A prolonged shutdown of one of the world’s most critical oil routes could do more than disrupt energy markets—it could tip the global economy into recession. That’s the warning from Ken Griffin, speaking at the Semafor World Economy Summit in Washington, DC.
“Let’s assume it’s shut down for the next six to 12 months… the world’s going to end up in a recession. There’s no way to avoid that,” he proclaimed.
Griffin Proclaims: An Oil Shock With Market Consequences
The chokepoint in question—the Strait of Hormuz—handles roughly 20% of global oil flows (according to the International Energy Agency), making it one of the most sensitive pressure points in the global economy.
That kind of disruption typically shows up first in energy markets. Funds tracking oil prices like the United States Oil Fund
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