Middle East War Reignites Spectre of Global Economic Recession: How Possible Is It?

TL;DR

The Middle East conflict has reignited fears of a global economic recession.
Disruptions in the Strait of Hormuz, through which 20% of global oil production passes, are a major concern.
China is considered particularly vulnerable due to its high dependence on the Strait of Hormuz for oil imports.
Oil prices have surged above $100 per barrel, worrying investors and increasing the risk of recession.
A prolonged conflict could significantly curb global trade volume and add to inflation, impacting a fragile global economy.

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