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World to face crisis like in 2008 if Strait of Hormuz remains closed — Bloomberg
Acccording to the analysis by Rapidan Energy Group, if the Strait reopens in July, an average oil demand reduction of 2.6 million barrels a day and the spot-market price for benchmark Brent crude peaking near $130 a barrel over the summer could be expected
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tass.com
World to face crisis like in 2008 if Strait of Hormuz remains closed — Bloomberg
Acccording to the analysis by Rapidan Energy Group, if the Strait reopens in July, an average oil demand reduction of 2.6 million barrels a day and the spot-market price for…
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cryptobriefing.com
Rapidan Energy Group warns Strait of Hormuz closure could trigger recession rivaling 2008
Rapidan Energy Group warns a prolonged Strait of Hormuz closure could trigger a recession rivaling 2008 as Brent crude surges nearly 40% above pre-closure levels.
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newsbytesapp.com
Hormuz closure could push oil markets into 'red zone': IEA
The closure of the Strait of Hormuz since March 4, 2026, has disrupted global oil flows, with IEA chief Fatih Birol warning of worsening market conditions.
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zerohedge.com
Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
"The coming months could see persistent..."
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pravda.com.ua
Closure of Strait of Hormuz could trigger downturn on scale of 2008 crisis
The closure of the Strait of Hormuz until August would significantly increase the risk of an economic downturn approaching the scale of the 2008 global financial crisis.
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gulfnews.com
Will reopening Hormuz quickly reverse damage from near three-month closure?
Will reopening the Strait of Hormuz quickly ease oil, LNG and inflation pressures, or will the economic fallout from the three-month closure linger for years?