Ken Griffin Warns of Recession Risk from Prolonged Strait of Hormuz Shutdown

Ken Griffin, founder of Citadel, has expressed concerns that a shutdown of the Strait of Hormuz lasting between six to twelve months could lead to a global recession. According to NS3.AI, Griffin highlighted that the ongoing conflict involving Iran has sparked an energy crisis, which may slow down economies and complicate central bank decisions regarding inflation and interest rates. He also noted that transitioning to alternative energy sources such as wind, nuclear, and solar would require years rather than months.