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flag Oil prices surge after Iran blocks Strait of Hormuz amid U.S.-Israel strikes.

flag Wall Street traders have adopted the nickname "NACHO" for President Trump, short for "Not A Chance Hormuz Opens," to mock his handling of the Iran conflict. flag Following U.S.-Israel strikes, Iran has blocked the Strait of Hormuz, causing oil prices to surge and U.S. gas prices to hit a record average of $4.23 per gallon. flag Traders remain skeptical the waterway will reopen soon, especially after Trump canceled a diplomatic meeting with Iran, reflecting a growing belief in his inability to resolve the crisis.

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