Citadel's Ken Griffin says Iran war threatens global recession

Ken Griffin warned that a prolonged closure of the Strait of Hormuz could trigger a global recession. The chokepoint is critical for global oil flows, so an extended shutdown would likely jolt energy prices, supply chains, and broader risk assets. The comment carries market-wide implications given the potential for a severe shock to growth and inflation.

Analysis

Ken Griffin warned that a prolonged closure of the Strait of Hormuz could trigger a global recession. The chokepoint is critical for global oil flows, so an extended shutdown would likely jolt energy prices, supply chains, and broader risk assets. The comment carries market-wide implications given the potential for a severe shock to growth and inflation.