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Jonathan Wilmot: Hormuz Strait Reopening Critical to Avert Market Crisis Soon
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Strait of Hormuz must reopen in weeks to avert market crisis: Jonathan Wilmot
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Moneycontrol
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14-03-2026, 10:49
Strait of Hormuz must reopen in weeks to avert market crisis: Jonathan Wilmot
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Jonathan Wilmot warns Strait of Hormuz must reopen within 3-4 weeks to prevent global oil market and economic shock.
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The Strait handles a fifth of global crude oil and LNG; blockade has already raised prices, potentially pushing Brent past $150/barrel.
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Failure to reopen could lead to recession, credit issues, and expose global economic fragilities, similar to 2008.
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Reopening is a priority for all parties, including regional powers and China, despite escalating tensions and Iranian attacks.
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Wilmot spoke at Moneycontrol's Global Wealth Summit 2026, emphasizing the strait's role in stabilizing global markets.
Read Full Article on Moneycontrol in English
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