Worst-case scenario if the Strait of Hormuz stays closed #shorts
60 Minutes·2026-03-18 15:57
Give it to me straight. What is the worst case scenario that you are predicting here. >> I'm predicting that this is going to get worse before it gets better.This is going to be a longer and costier conflict than just about everybody expected. >> You have said that a prolonged closure of the street of Hormuz is a guaranteed global recession. Do you still stand by that.>> Look, yes. The world economy cannot grow without 20% of its energy supply. Period.Rarely do we recognize history in the making, but is tha ...