Higher energy prices from Iran war will drive world into recession, says Citadel CEO Ken Griffin

Summary

Ken Griffin warns that if the Strait of Hormuz remains closed for 6-12 months, energy prices will spike and cause a global recession, though the US is relatively insulated. He also notes the stock market is supported by strong earnings and that inflation, while not accelerating, limits the Fed's ability to cut rates.

• Griffin predicts materially higher energy prices if the Strait of Hormuz closure persists.
• A prolonged closure could trigger a global recession, with developing countries hit hardest.
• The US is largely shielded due to its energy independence.
• Stock market at all-time highs is driven by robust corporate earnings.
• Inflation remains above target but is not accelerating, reducing Fed flexibility.
• The interview focuses on the geopolitical and economic risks from the Iran conflict.