Ken Griffin Warns Global Recession 'Inevitable' If Strait Of Hormuz Stays Shut: Flags 'Mistake' In Iran Strategy

Kenneth Griffin believes the world will face a recession if the Strait of Hormuz remains shut for the remainder of this year. (Credit: U.S. Navy/WikiMedia Commons)

As America's blockade of the Strait of Hormuz continues to mount downward pressure on US equities, Citadel Advisor's Ken Griffin believes the world faces a full-blown recession if the Strait remains closed for the remainder of this year.

Griffin said at the Semafor World Economy conference in DC that if the Strait is closed for the next six to 12 months, the 'world is going to end up in a recession,' and there's no way to avoid that.