War, Oil, and the Recession Warning Signs The Strait of Hormuz, a critical chokepoint for nearly a quarter of the world's seaborne oil, has been closed due to ongoing tensions in Iran.
This development has sparked warnings from high profile investors about the potential for a global recession.
Ken Griffin, CEO of Citadel, is one such voice, predicting that if the Strait remains closed for another six to 12 months, energy prices will skyrocket and push the world into a recession.