Citadel CEO Ken Griffin said rising oil prices and supply disruptions are already increasing recession risks|@leddalhlwee|X
Citadel CEO Ken Griffin warned that the global economy could slip into recession if the Strait of Hormuz remains closed for the rest of 2026.
Speaking at the Semafor World Economy event in Washington, D.C., he said prolonged disruption to this key oil route would create an unavoidable global recession driven by an energy shock.
Griffin said rising oil prices and supply disruptions are already increasing recession risks, forcing countries to rethink their energy dependence and accelerate shifts toward renewables such as nuclear and wind power.
The hedge fund billionaire added that central banks could face tough choices over whether inflation spikes are temporary or require higher interest rates.
He described the situation as a treacherous moment for the world economy amid wider Middle East tensions. He noted that geopolitical missteps have added uncertainty, noting that energy markets are now reacting sharply.
Brent crude has surged amid supply fears, highlighting the fragile balance among inflation, growth, and global energy security.