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Hormuz Closure Threatens Recession Rivaling 2008, Rapidan Says

A closure of the Strait of Hormuz through August raises the risk of an economic downturn that comes close to the scale of the Great Recession in 2008, according to Rapidan Energy Group.

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ManyPress Editorial Team

ManyPress Editorial

May 21, 2026 · 7:23 PM1 min readSource: Bloomberg Markets
Hormuz Closure Threatens Recession Rivaling 2008, Rapidan Says

A closure of the Strait of Hormuz through August raises the risk of an economic downturn that comes close to the scale of the Great Recession in 2008, according to Rapidan Energy Group.

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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Markets.

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