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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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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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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.
