Strait of Hormuz must reopen in weeks to avert market crisis: Jonathan Wilmot

• Jonathan Wilmot warns Strait of Hormuz must reopen within 3-4 weeks to prevent global oil market and economic shock.
• The Strait handles a fifth of global crude oil and LNG; blockade has already raised prices, potentially pushing Brent past $150/barrel.
• Failure to reopen could lead to recession, credit issues, and expose global economic fragilities, similar to 2008.
• Reopening is a priority for all parties, including regional powers and China, despite escalating tensions and Iranian attacks.
• Wilmot spoke at Moneycontrol's Global Wealth Summit 2026, emphasizing the strait's role in stabilizing global markets.