{"id":43335,"date":"2026-05-11T08:04:09","date_gmt":"2026-05-11T08:04:09","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=43335"},"modified":"2026-05-11T08:04:09","modified_gmt":"2026-05-11T08:04:09","slug":"billionaire-ken-griffin-warns-of-global-and-us-recession-amid-higher-oil-prices-heres-his-timeline","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=43335","title":{"rendered":"Billionaire Ken Griffin Warns of Global and US Recession Amid Higher Oil Prices \u2013 Here\u2019s His Timeline"},"content":{"rendered":"

\"\"<\/p>\n

The billionaire founder and CEO of Citadel Securities warns that a global and US recession is on the table if a critical waterway for oil shipments remains closed for an extended period of time.<\/p>\n

In a new CNBC interview, Ken Griffin says<\/a> oil prices will likely soar to unmanageable levels if Iran continues its blockade on the Strait of Hormuz, where about 20% of global oil shipments pass through.<\/p>\n

\u201cUnfortunately, we have yet to reopen the strait, and that\u2019s going to take a period of time that\u2019s just very hard to estimate or to determine. The upshot, if the strait remains closed for another six, nine, 12 months, energy prices around the world will go materially higher. It will push the world into a global recession.\u201d<\/em><\/p>\n

According to Griffin, the US is largely insulated from oil price shocks because it is a net oil exporter. But he warns that a global recession will ultimately hurt the US economy.<\/p>\n

\u201cSo we end up in a global recession. Clearly, that\u2019s going to hit US growth prospects and may push the United States into a recession. But of all the countries in the world, we will have one of the greatest stories of resilience.\u201d<\/em><\/p>\n

But for now, Griffin says the US stock market appears to be overlooking geopolitical concerns as investors focus on a strong earnings season.<\/p>\n

\u201cLook, the stock market\u2019s looking at the incredible earnings success that American companies have enjoyed. Another great earnings period so far. American businesses across virtually every sector putting up record profits. The stock market\u2019s very focused on the here-and-now success story being written across American firms.\u201d<\/em><\/p>\n

As of Thursday\u2019s close, the S&P 500 is trading at an all-time high of 7,337.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The post Billionaire Ken Griffin Warns of Global and US Recession Amid Higher Oil Prices \u2013 Here\u2019s His Timeline<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The billionaire founder and CEO of Citadel Securities warns that a global and US recession is on the table if a critical waterway for oil shipments remains closed for an extended period of time. In a new CNBC interview, Ken Griffin says oil prices will likely soar to unmanageable levels if Iran continues its blockade […]<\/p>\n","protected":false},"author":1,"featured_media":43336,"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-43335","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nBillionaire Ken Griffin Warns of Global and US Recession Amid Higher Oil Prices \u2013 Here\u2019s His Timeline - 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=43335\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Ken Griffin Warns of Global and US Recession Amid Higher Oil Prices \u2013 Here\u2019s His Timeline - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The billionaire founder and CEO of Citadel Securities warns that a global and US recession is on the table if a critical waterway for oil shipments remains closed for an extended period of time. 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