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The flip-flop approach taken by US President Donald Trump over reopening the Strait of Hormuz has led to a new nickname inspired by TACO label used to describe his policy reversals. As tensions between Washington and Iran continue to disrupt one of the world’s most critical oil routes, the Wall Street has coined the new…
Iran has reversed course on reopening the Strait of Hormuz and reimposed restrictions on the critical waterway, a day after US President Donald Trump said he will continue its naval blockade in “full force”. Iran’s military command, in a statement, said that Washington had broken a promise by continuing its naval blockade of ships sailing…
Last Updated:April 12, 2026, 6:47 PM IST The announcement comes at a time of heightened tensions around the strategically vital waterway, a key route for global oil shipments. US President Donald Trump (AFP photo) US President Donald Trump on Sunday announced that the United States Navy will begin blocking ships attempting to pass through the…