Endless Iran ceasefire sparks 40% U.S. recession risk if Hormuz stays closed
TL;DR
Trump says the Iran ceasefire will be indefinite, with no end date in sight, while a top economist warns the U.S. faces about a 40% chance of recession if the Strait of Hormuz remains closed, due to energy disruptions; markets wobble and oil stays elevated as the conflict drags on.
- Ceasefire will be indefinite, Trump says, as top economist puts risk of recession at 40% if Hormuz stays closed Fortune
- The significance of Trump’s bluffs on Iran CNN
- To Iran, Trump Blinked First by Extending the Cease-Fire The New York Times
- Trump gives Iran days to end power struggle, return to peace talks Axios
- US-Iran war hits new stalemate with shaky ceasefire deal Financial Times
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