The most common and most likely answer to this crossword clue is the 8 letter word MELTDOWN
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The straight part
We know that "Disaster" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case disaster = meltdown.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does MELTDOWN mean?
MELTDOWN noun- Severe overheating of the core of a nuclear reactor resulting in the core melting and radiation escaping.
- A situation being likened to a nuclear meltdown; a crisis.
- A tantrum.