Citadel's Ken Griffin: If Strait of Hormuz remains closed, it could push world into a recession

• A prolonged closure of the Strait of Hormuz (6-12 months) is a significant risk.
• Such a closure would result in materially higher energy prices worldwide.
• The consequence of these factors would be a global recession.

Citadel CEO Ken Griffin warns that a prolonged closure of the Strait of Hormuz for six to twelve months would lead to materially higher energy prices globally. This scenario, he states, would inevitably push the world into a global recession.