https://sputnikglobe.com/20260807/us-sees-no-risk-of-world-depression-due-to-continued-middle-east-conflict---white-house-1124549117.htmlUS Sees No Risk of World Depression Due to Continued Middle East Conflict - White HouseUS Sees No Risk of World Depression Due to Continued Middle East Conflict - White HouseSputnik InternationalThe United States does not expect the continued conflict in the Middle East to threaten the world with depression, White House National Economic Council Director Kevin Hassett said on Friday. 2026-08-07T15:28+00002026-08-07T15:28+00002026-08-07T15:28+0000worldusstrait of hormuzmiddle easthttps://cdn1.img.sputnikglobe.com/img/07ea/03/07/1123781339_0:160:3072:1888_1920x0_80_0_0_e76467cea954ba3ac7bc7ccae89da63d.jpg"No, if this were to turn into something that was taking out all the oil of the Middle East, then one would have to think about something like that," Hassett told reporters at the White House, when asked whether he would agree that if the conflict continued, there could be another depression. On July 12, Iran announced the closure of the Strait of Hormuz until the end of US interference in the region, following another wave of exchanges of strikes between the parties to the conflict. The next day, Trump said the United States would become a "guardian" of the Strait of Hormuz. https://sputnikglobe.com/20260806/half-of-americans-believe-conflict-with-iran-will-destabilize-middle-east---poll-1124544763.htmlstrait of hormuzSputnik International feedback@sputniknews.com +74956456601 MIA „Rossiya Segodnya“ 252 602026Sputnik International feedback@sputniknews.com +74956456601 MIA „Rossiya Segodnya“ 252 60Newsen_ENSputnik International feedback@sputniknews.com +74956456601 MIA „Rossiya Segodnya“ 252 601920 1080 true1920 1440 true1920 1920 trueSputnik International feedback@sputniknews.com +74956456601 MIA „Rossiya Segodnya“ 252 60Sputnik Internationalus, strait of hormuz, middle east