Hormuz Closure Increases Global Stagflation Risks
The closure of the Strait of Hormuz has pushed Brent crude to 112 dollars. Analysts warn of recession risks in Europe while US inflation expectations increase.
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Global markets are struggling to absorb the economic costs of the Iran war as the Strait of Hormuz closure enters its third month. Brent Crude Oil has climbed 50% above pre-war levels to $112 a barrel. Investors now face a stagflationary environment where energy supply disruptions threaten to trigger recessions across Europe and Asia.
