Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
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Source: Zero Hedge
Published: 2026-05-22 21:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Energy, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession.
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