A month into the largest oil shock in modern history, global growth forecasts are being slashed, shortages are emerging across Europe and Asia, and energy traders warn the world has yet to feel the full severity of the disruption. A prolonged closure of the Strait of Hormuz , the narrow waterway that is the primary exit route for oil and gas from the Persian Gulf, could tip the global economy into recession . The President was left frustrated by the predicament, at odds with some of his own officials, and fuming at the negative impressions of the war.
Author: Eric Cortellessa
Published at: 2026-04-03 21:34:36
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