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.

The present tranquility will not last.

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…

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.

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.

"The coming months could see persistent..."

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.

A previous version of this report misstated the Goldman Sachs estimate of 2026 capital spending in artificial intelligence. The correct figure is $765 billion. The story has been…

IEA warns Hormuz Strait crisis could push global oil markets into a ‘red zone’, draining emergency reserves and driving up fuel prices worldwide.

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?