Quoted By: >>1511365
>Trump’s new nickname indicates people are not confident he will secure a deal with Iran to open the Strait of Hormuz
https://www.independent.co.uk/news/world/americas/us-politics/trump-taco-wall-street-nacho-b2967600.html
President Donald Trump’s back-and-forth with Iran over opening the Strait of Hormuz has led to a new nickname inspired by TACO, the president’s acronym nickname for issuing and reversing threats.
“We thought we were getting a TACO, ‘Trump Always Chickens Out.’ But so far we are getting a NACHO, ‘Not A Chance Hormuz Opens,’” Bloomberg columnist Javier Blas wrote on Twitter.
The new nickname, bestowed by a financial trader, according to Blas, reflects the public’s frustration with the on-again, off-again blockade in the Strait that has disrupted global oil supply, causing gas prices to rise.
But it also indicates that some are not confident Trump can secure a deal with Iran that will alleviate tensions in the Strait of Hormuz and allow ships carrying oil to pass through.
Despite being in the middle of a ceasefire, Iran has closed the Strait of Hormuz and the U.S. has initiated a blockade of Iranian ports. Iran has offered to reopen the waterway if the U.S. concludes its blockade, but the president has refused unless Iran concedes to his demands about ending its nuclear enrichment program.
Already, peace talks between the U.S., Israel and Iran have failed once, and an attempt at a second round of negotiations fell through this past week when Trump summoned his top negotiators back to D.C.
Gas prices have gone up across the country as a result of traffic being halted in the Strait, the waterway responsible for transporting roughly 20 percent of the world’s crude oil supply. Earlier this month, the average cost of a gallon of regular gas hit $4 for the first time since August 2022.
The Independent has asked the White House for comment.
https://www.independent.co.uk/news/world/americas/us-politics/trump-taco-wall-street-nacho-b2967600.html
President Donald Trump’s back-and-forth with Iran over opening the Strait of Hormuz has led to a new nickname inspired by TACO, the president’s acronym nickname for issuing and reversing threats.
“We thought we were getting a TACO, ‘Trump Always Chickens Out.’ But so far we are getting a NACHO, ‘Not A Chance Hormuz Opens,’” Bloomberg columnist Javier Blas wrote on Twitter.
The new nickname, bestowed by a financial trader, according to Blas, reflects the public’s frustration with the on-again, off-again blockade in the Strait that has disrupted global oil supply, causing gas prices to rise.
But it also indicates that some are not confident Trump can secure a deal with Iran that will alleviate tensions in the Strait of Hormuz and allow ships carrying oil to pass through.
Despite being in the middle of a ceasefire, Iran has closed the Strait of Hormuz and the U.S. has initiated a blockade of Iranian ports. Iran has offered to reopen the waterway if the U.S. concludes its blockade, but the president has refused unless Iran concedes to his demands about ending its nuclear enrichment program.
Already, peace talks between the U.S., Israel and Iran have failed once, and an attempt at a second round of negotiations fell through this past week when Trump summoned his top negotiators back to D.C.
Gas prices have gone up across the country as a result of traffic being halted in the Strait, the waterway responsible for transporting roughly 20 percent of the world’s crude oil supply. Earlier this month, the average cost of a gallon of regular gas hit $4 for the first time since August 2022.
The Independent has asked the White House for comment.
