Geopolitical VIX Goes Parabolic – Hormuz or Bust

Upcoming global recession?

Yardeni: "Will the price of oil continue to soar, resulting in a global recession and another worldwide spike in inflation? Previous spikes have been associated with recessions in the US. If Iran shuts the Strait of Hormuz, the price could soar, but there would likely be a swift response by the US and our allies to reopen the Strait by obliterating Iran's naval forces"