- Citadel CEO Ken Griffin stated that a closure lasting six to twelve months would trigger a classic energy price shock that the global economy cannot avoid
- The warning comes as the waterway remains at a standstill with approximately 150 freight ships and oil tankers stalled due to the ongoing conflict
- Market analysts report that while the S&P 500 initially dropped 9 percent it has since hit new record highs as investors price in hopes of a resolution
- War-risk insurance premiums for transiting the strait have surged from 0.125 percent to as high as 0.4 percent of ship value per transit
- The United States and Israel have launched aerial campaigns to reopen the passage which currently handles 25 percent of the world seaborne oil trade
Ken Griffin warns of inevitable global recession if Strait of Hormuz remains closed through 2026
Apr 16, 2026, 3:09:27 PM UTC(15 hours ago)
Impact: Very High
Affected Assets
Sources
From:@YahooFinance
If the Strait of Hormuz remains closed for the rest of 2026, Ken Griffin says "there’s no way to avoid" a global recession. https://t.co/5hSvO3qFDG https://t.co/HQhgEobYaO
