Hormuz Crisis’ Spread to Bab al-Mandab, Strait of Malacca Would Wipe Out the World Economy

Posted 4 hours ago by

Sputnik

The three strategic chokepoints are “critical passageways where a lot of trade, a lot of energy flows take place,” and prolonged closure would have a “huge impact in terms of energy pricesGDP growth, employment,” and could trigger a global recession or depression, says financial analyst Syed Javed Hassan.