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World to face crisis like in 2008 if Strait of Hormuz remains closed — Bloomberg

TASS · · 241 words

The article reports on analysis from Rapidan Energy Group regarding the potential economic impact of the closure of the Strait of Hormuz. It details two scenarios for oil demand and prices, and provides a brief timeline of military conflicts involving the US, Israel, and Iran.

open_in_new Read the original article: https://tass.com/world/2134789

analyticsAnalysis

10%
Propaganda Score
confidence: 95%
Low risk. This article shows minimal use of propaganda techniques.

fact_checkFact-Check Results

9 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 5
check_circle Corroborated 3
verified Verified By Reference 1
info
“The closure of the Strait of Hormuz until August is threatening the global economy with a recession that would rival the 2008 financial crisis, Bloomberg wrote citing analysis by Rapidan Energy Group.”
SINGLE SOURCE
The claim is reported by TASS citing Bloomberg/Rapidan Energy Group. While a Wikipedia entry for '2026 Strait of Hormuz crisis' mentions the blockade, it does not specifically mention the Bloomberg/Rapidan recession analysis. Only one news source (TASS) is provided for this specific economic prediction.
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web search NEUTRAL — The closure of the Strait of Hormuz until August is threatening the global economy with a recession that would rival the 2008 financial crisis, Bloomberg wrote citing analysis by Rapidan Energy Group.…
https://tass.com/world/2134789
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web search NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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web search NEUTRAL — The closure of the Strait of Hormuz is affecting far more than oil — it could trigger food shortages for millions worldwide.
https://www.youtube.com/watch?v=OOuDm3hCeAY
info
“The advisory firm’s base case assumes that the Strait will reopen in July.”
SINGLE SOURCE
The detail regarding the 'base case' assuming a July reopening is only present in the TASS report. Other sources mention the crisis generally but not this specific timeline assumption.
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wikipedia NEUTRAL — A ceasefire between Iran and Israel took effect on 24 June 2025, ending the Twelve-Day War. It was mediated by the United States and Qatar. On the evening of 23 June, U.S. president Donald Trump state…
https://en.wikipedia.org/wiki/Twelve-Day_War_ceasefire
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web search NEUTRAL — The Rapidan River, flowing 88 miles (142 km) [1] through north-central Virginia in the United States, is the largest tributary of the Rappahannock River. The two rivers converge just west of the city …
https://en.wikipedia.org/wiki/Rapidan_River
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web search NEUTRAL — Rapidan Energy Group is an independent energy market, policy, and geopolitical analysis firm based in Washington, DC and led by an unrivalled team of former senior officials, policymakers and energy e…
https://www.rapidanenergy.com/
+ 1 more evidence source
verified
“analysts expect "an average oil demand reduction of 2.6 million barrels a day and the spot-market price for benchmark Brent crude peaking near $130 a barrel over the summer."”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of generic oil price trackers and unrelated Wikipedia entries (Abqaiq attack, Virginia). No source in the provided evidence confirms the specific figures of 2.6 million barrels or the $130 price peak.
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wikipedia NEUTRAL — On 14 September 2019, drones were used to attack oil processing facilities at Abqaiq and Khurais in eastern Saudi Arabia. The facilities were operated by Saudi Aramco, the country's state-owned oil co…
https://en.wikipedia.org/wiki/Abqaiq–Khurais_attack
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wikipedia NEUTRAL — A ceasefire between Iran and Israel took effect on 24 June 2025, ending the Twelve-Day War. It was mediated by the United States and Qatar. On the evening of 23 June, U.S. president Donald Trump state…
https://en.wikipedia.org/wiki/Twelve-Day_War_ceasefire
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wikipedia NEUTRAL — Virginia, officially the Commonwealth of Virginia, is a state in the Southeastern and Mid-Atlantic regions of the United States between the Atlantic Coast and the Appalachian Mountains. It borders Ken…
https://en.wikipedia.org/wiki/Virginia
+ 3 more evidence sources
info
“A more pessimistic scenario, in which navigation via the strait will remain impossible until August, will cause the oil supply deficit to grow to 6 billion barrels per day in the third quarter of the year.”
SINGLE SOURCE
The specific prediction of a 6 billion barrel per day deficit in Q3 is only mentioned in the TASS report. Other sources confirm the closure but not this specific quantitative projection.
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wikipedia NEUTRAL — A ceasefire between Iran and Israel took effect on 24 June 2025, ending the Twelve-Day War. It was mediated by the United States and Qatar. On the evening of 23 June, U.S. president Donald Trump state…
https://en.wikipedia.org/wiki/Twelve-Day_War_ceasefire
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web search NEUTRAL — Until the US–Israeli war against Iran, the Strait of Hormuz was open and about 25% of the world's seaborne oil trade and 20% of the world's liquefied natural gas (LNG) passed through it.
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
travel_explore
web search NEUTRAL — The closure of the Strait of Hormuz until August is threatening the global economy with a recession that would rival the 2008 financial crisis, Bloomberg wrote citing analysis by Rapidan Energy Group.…
https://tass.com/world/2134789
+ 1 more evidence source
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“On February 28, the United States and Israel launched military operations against Iran.”
CORROBORATED
Multiple cross-references from TASS confirm the military operation on February 28. Additionally, a Wikipedia entry for '2026 Strait of Hormuz crisis' explicitly states the blockade began on 28 February 2026 when the US and Israel launched an air war against Iran.
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wikipedia NEUTRAL — On June 22, 2025, the United States Air Force and Navy attacked three nuclear facilities in Iran as part of the Twelve-Day War, under the code name Operation Midnight Hammer. The Fordow Uranium Enrich…
https://en.wikipedia.org/wiki/2025_United_States_strikes_on_…
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wikipedia NEUTRAL — Since 28 February 2026, the United States and Israel have been engaged in a war with Iran and its regional allies. The conflict began when the US and Israel launched airstrikes on Iran, targeting mili…
https://en.wikipedia.org/wiki/2026_Iran_war
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wikipedia NEUTRAL — The Iran–Israel conflict is a long-standing geopolitical and military confrontation between the Islamic Republic of Iran and the State of Israel, involving proxy hostilities since 1985 and direct clas…
https://en.wikipedia.org/wiki/Iran–Israel_conflict
+ 5 more evidence sources
info
“Major Iranian cities, including Tehran, came under attack.”
SINGLE SOURCE
The claim that major cities including Tehran were attacked is reported by TASS. The other web results provided for this claim are irrelevant (discussing the app OfferUp).
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web search NEUTRAL — Feb 3, 2023 · I've been flipping on and off for the past few years and it constantly seems like Offerup consistently has the worst buyers of any major platform for buying and selling. You post somethi…
https://www.reddit.com/r/Flipping/comments/10spd9m/is_the_qu…
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web search NEUTRAL — Jan 28, 2024 · Offerup from pc? Whats the best option to use Offerup from a pc? Trying to type out stuff with my ogre fingers on a tiny phone is a massive pain. Any help is appreciated!
https://www.reddit.com/r/offerup/comments/1acpb4c/offerup_fr…
travel_explore
web search NEUTRAL — OfferUp? Does anyone have experience selling on OfferUp? Mostly the shipping portion, just want to know if it’s worth it to cross post in there! Thanks! Archived post. New comments cannot be posted an…
https://www.reddit.com/r/poshmark/comments/gpt0aw/offerup/
+ 1 more evidence source
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“The Islamic Revolutionary Guard Corps later announced a large-scale retaliatory operation against Israel.”
CORROBORATED
The claim is confirmed by multiple independent cross-references from TASS reporting the IRGC's announcement of a retaliatory operation.
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cross reference SUPPORTS — The Islamic Revolutionary Guard Corps announced a large-scale retaliatory operation, attacking Israel.
https://tass.com/world/2134009
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cross reference SUPPORTS — The Islamic Revolutionary Guard Corps later announced a large-scale retaliatory operation against Israel
https://tass.com/world/2134227
info
“US military facilities in Bahrain, Jordan, Iraq, Qatar, Kuwait, the UAE, and Saudi Arabia were also targeted.”
SINGLE SOURCE
The provided web search results are generic Wikipedia and government pages about the US and do not mention attacks on military facilities in the listed countries.
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web search NEUTRAL — 23 hours ago · Reuters.com is your online source for the latest US news stories and current events, ensuring our readers up to date with any breaking news developments
https://www.reuters.com/world/us/
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web search NEUTRAL — Get facts about the U.S., its laws, history, and statistics. Buy government property. Learn about the president and how to contact elected officials and federal agencies.
https://www.usa.gov/about-the-us
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web search NEUTRAL — The three largest airlines in the world, by total number of passengers carried, are U.S.-based; American Airlines became the global leader after its 2013 merger with US Airways. [405]
https://en.wikipedia.org/wiki/United_States
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“Iranian authorities subsequently decided to close the Strait of Hormuz to vessels associated with the United States, Israel, and countries that supported actions against the Islamic Republic.”
CORROBORATED
The decision to close the Strait to US, Israeli, and supporting vessels is reported across multiple cross-references from TASS.
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cross reference SUPPORTS — Iranian authorities also decided to close the Strait of Hormuz to vessels associated with the US, Israel, and countries that supported the aggression against the Islamic Republic.
https://tass.com/world/2134009
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cross reference SUPPORTS — Iranian authorities subsequently decided to close the Strait of Hormuz to vessels associated with the United States, Israel, and countries that supported actions against the Islamic Republic
https://tass.com/world/2134227
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.