UK Recession Risked by Prolonged Iran War and Strait of Hormuz Closure

An EY economic outlook warns that the UK economy could face a recession next year, with GDP slowing and inflation rising, if the Strait of Hormuz remains shut into 2027 due to a prolonged Iran conflict.

2 Aug, 23:01 — 2 Aug, 23:01

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The IndependentMostly Factual31d ago

UK ‘at risk of recession’ if Strait of Hormuz remains closed into 2027

EY’s latest economic outlook also warns that inflation could rise to 6.4% as oil and gas prices soar

By Holly Williams

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UK Recession Risked by Prolonged Iran War and Strait of Hormuz Closure

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UK ‘at risk of recession’ if Strait of Hormuz remains closed into 2027

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