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

Image: On December 2, 2020, the Moderate Resolution Imaging Spectroradiometer (MODIS) on board NASA’s Terra satellite acquired a true-color image of the Strait of Hormuz. Image Credit: MODIS Land Rapid Response Team, NASA GSFC via Wikimedia Commons. Public Domain / NASA copyright policy page. Article by Sarah Min. CNBC – April 14, 2026.

Citadel CEO Ken Griffin said Tuesday that the global economy is headed toward a recession if the Strait of Hormuz stays shut for much longer. “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,” Griffin said on stage at the Semafor World Economy conference in Washington, D.C. “There’s no way to avoid that.” […]

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