Hormuz Closure Past August Risks 2008-Scale Recession, Bloomberg Warns
🛢️ HORMUZ — Bloomberg draws the line: August, or recession on 2008 scale. 📌 LOOK CLOSER: August maps onto the MOU counter-amendment cycle — if Araghchi can't close by July, Hormuz stays shut long enough for demand destruction and credit contraction to cascade. Europe has no energy buffer left. Every week of delay is now quantified GDP loss. For Trump, it's the sharpest domestic lever yet — enough to force the deal or justify killing it.
