The S&P Sells Off on Trump’s ‘Uno Reverse’ Strategy With Hormuz and Oil Soars Over $100

The S&P 500 Index (^GSPC)opened Monday under pressure, sliding roughly 0.6% in early trading after President Trump ordered a naval blockade of the Strait of Hormuz. Weekend peace talks between the U.S. and Iran collapsed, Trump announced the blockade effective 10 a.m. ET Monday, April 13, 2026, and crude oil surged back above $100 a... The S&P Sells Off on Trump's 'Uno Reverse' Strategy With Hormuz and Oil Soars Over $100