Hormuz closure threatens recession rivaling 2008, RapidanEnergy Group says
- Posted on May 22, 2026
- By Business News Today
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- 1 min read
Hormuz closure threatens recession rivaling 2008, RapidanEnergy Group says
Rapidan Energy Group warns that if the Strait of Hormuz remains closed through August, the world economy could face a downturn approaching the severity of the 2008 financial crisis.