{"id":41469,"date":"2026-04-20T09:15:27","date_gmt":"2026-04-20T09:15:27","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=41469"},"modified":"2026-04-20T09:15:27","modified_gmt":"2026-04-20T09:15:27","slug":"billionaire-ken-griffin-says-global-economy-in-very-treacherous-moment-warns-recession-inevitable-if-strait-of-hormuz-lockdown-persists","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=41469","title":{"rendered":"Billionaire Ken Griffin Says Global Economy in \u2018Very Treacherous Moment,\u2019 Warns Recession Inevitable if Strait of Hormuz Lockdown Persists"},"content":{"rendered":"

\"\"<\/p>\n

The founder and CEO of hedge fund Citadel, Ken Griffin, is warning that the global economy is at risk amid the Middle East conflict.<\/p>\n

In an interview at the Semafor World Economy Summit in Washington, D.C., Griffin says<\/a> the Iran war has triggered an \u201cenergy crisis\u201d that could cause severe harm to the global economy.<\/p>\n

\u201cThat, [energy crisis] of course, will create demand destruction. It will cause economies across the world to decelerate. The risk of a recession has increased and central banks are making some really difficult decisions. Is the inflationary spike that this will create, will they view that as transitory and leave monetary policy as is? Or will they view themselves as having to have to raise rates to try to keep inflation expectations well anchored?<\/em><\/p>\n

So this really is a very, very treacherous moment for the world economy as we navigate the consequences of trying to secure a lasting peace in the Middle East.\u201d<\/p>\n

If the Strait of Hormuz, which Iran closed by threatening ships sailing through it after the US and Israel launched a war against it remains unnavigable over the coming months, Griffin says,<\/p>\n

\u201cI mean, let\u2019s assume it\u2019s shut down for the next 6 to 12 months. The world\u2019s going to end up in a recession. There\u2019s no way to avoid that.\u201d<\/em><\/p>\n

Griffin, however, says a continued contraction in the supply of crude oil and natural gas as a result of the Iran war could boost alternative sources of energy.<\/p>\n

\u201cWe\u2019ll see a rapid shift towards alternative fuel sources. We\u2019ll see wind. We\u2019ll see nuclear. We\u2019ll see solar. We\u2019ll see huge pushes to reduce dependencies on fossil fuels. But that\u2019s measured in years, not months. So, we are going to see an acceleration of some of the historical trends that have played out over the last 10 years as the world rapidly tries to move away from fossil fuels if we lose that very dependable source of fuel, being the Middle East.\u201d<\/em><\/p>\n

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The post Billionaire Ken Griffin Says Global Economy in \u2018Very Treacherous Moment,\u2019 Warns Recession Inevitable if Strait of Hormuz Lockdown Persists<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The founder and CEO of hedge fund Citadel, Ken Griffin, is warning that the global economy is at risk amid the Middle East conflict. In an interview at the Semafor World Economy Summit in Washington, D.C., Griffin says the Iran war has triggered an \u201cenergy crisis\u201d that could cause severe harm to the global economy. […]<\/p>\n","protected":false},"author":1,"featured_media":41470,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-41469","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nBillionaire Ken Griffin Says Global Economy in \u2018Very Treacherous Moment,\u2019 Warns Recession Inevitable if Strait of Hormuz Lockdown Persists - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=41469\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Ken Griffin Says Global Economy in \u2018Very Treacherous Moment,\u2019 Warns Recession Inevitable if Strait of Hormuz Lockdown Persists - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The founder and CEO of hedge fund Citadel, Ken Griffin, is warning that the global economy is at risk amid the Middle East conflict. 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