Griffin Warns Hormuz Closure Could Trigger Recession

Citadel CEO Ken Griffin warned a prolonged Hormuz Strait closure could trigger a global recession within six to twelve months.
Griffin described the situation as a "very, very treacherous moment" and highlighted an unfolding global energy price shock.
He criticized U.S. diplomatic efforts, urging stronger cooperation with Europe to achieve peace in the Middle East amid the Iran war.
Griffin also noted domestic concerns, citing American affordability issues, AI‑driven job anxiety, and affirmed Federal Reserve independence as vital.