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Oil prices surge after Iran blocks Strait of Hormuz amid U.S.-Israel strikes.
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.
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.
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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Los precios del petróleo aumentan después de que Irán bloquee el Estrecho de Ormuz en medio de los ataques de Estados Unidos e Israel.