The Damage Report
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Trump's War Consequences BLOW UP As Global Depression Deadline Revealed
Posted
June 4, 2026
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8:27Now PlayingDonald Trump's war with Iran blows up in his face as economists reveal the deadline for how long the Strait of Hormuz can be closed, which is only months away, before a catastrophic global depression will likely take over, while Trump continues to make more threats against Iran without getting a deal. Sharon Reed and Viviana Vigil break it down on The Damage Report. Leave a comment with your thoughts below!
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If Iran keeps the Strait of Hormuz shut until October, economists warn the world could face a depression
"The Strait of Hormuz has been shut since the war began in February. Iran has walked away from talks, and economists are modeling what would happen if it remains closed in October. Their answer drifts toward a word they almost never use — depression.
-And the warning is already here, hiding in plain sight: the calm oil price on the screen isn't what importers actually pay, and there's a single number that, if it holds, tips the world past its breaking point."
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