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

By CNBC April 14, 2026 Bearish
Global recession is inevitable if Strait of Hormuz stays shut, says Citadel's Ken Griffin
"Let's assume [the Strait is] shut down for the next six to 12 months — the world's going to end up in a recession," said Ken Griffin, CEO of Citadel. "There's no way to avoid that.
"Let's assume [the Strait is] shut down for the next six to 12 months — the world's going to end up in a recession," said Ken Griffin, CEO of Citadel. "There's no way to avoid that.