Citadel's Ken Griffin Says a Six to Twelve Month Strait Closure Makes Global Recession Unavoidable. Here Is What That Risk Means for Your Portfolio

In response to the conflict, Iran moved to close the Strait of Hormuz -- a shipping channel through which between 20% and 25% of global oil shipments are estimated to pass through. Citadel CEO Ken Griffin recently weighed in on the potential implications of the Strait of Hormuz remaining closed for a sustained period of time,

Xi Jinping says the world order is crumbling into disarray. Larry Fink and the IMF are worried about a global recession

The Iran war, trade chaos, and a shifting geopolitical landscape are converging into what could be the defining economic moment of the decade.

Global recession is inevitable if Strait of Hormuz stays shut, says Citadel's Ken Griffin

A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.

IMF lowers growth outlook, warns of global recession if Iran oil shock is severe

The International Monetary Fund on Tuesday lowered its outlook for global economic growth this year and warned that the global economy could risk slipping into a recession if the oil shock from the Iran war is severe.

Middle East War Will Slow Global Economic Growth, I.M.F. Warns

War in the Middle East has upended the world economy, the International Monetary Fund said on Tuesday, warning in a report that disruptions to oil markets could slow growth, fuel

IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for G20 fuel talks

As treasurer Jim Chalmers weighs ‘extreme uncertainty’, one economic scenario sees global growth plunging to just 2% in 2026