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Events in Hormuz and Saudi Arabia point toward recession, Anas Alhajji notes

Events in Hormuz and Saudi Arabia point toward recession, Anas Alhajji notes
Hormuz, Saudi Arabia tensions raise risks

Anas Alhajji, managing partner, energy economist, market analyst at Energy Outlook Advisors LLC, highlights that ongoing events in Hormuz and Saudi Arabia are signaling the potential for a recession. Despite ongoing low economic growth globally, Alhajji observes that a recession has not yet materialized.

Earlier this month, Alhajji explained that oil prices have stayed near $100 despite increased flows through Hormuz. He also reported that TSMC and other Taiwan companies are boosting AI sector investments in the U.S. and Southeast Asia. These recent developments were noted as part of his analysis of global economic indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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