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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Strait of Hormuz Closure is a Guaranteed Global Recession, Inflation Risks Surge on Rising Oil Prices

Oil Recession Strait Inflation Strait of Hormuz United States
Countless oil tankers pass through the Strait of Hormuz daily. (Credit: PHOTO: Grok AI)

The effective closure of the Strait of Hormuz has sent shockwaves through global markets, with energy analysts warning that a prolonged blockade will trigger a 'guaranteed global recession.'

Following the coordinated US-Israeli military strikes on 27 February 2026, which targeted Iran's leadership and nuclear infrastructure, Tehran responded by declaring the waterway closed.

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