‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock
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Source: CNBC
Published: 2026-05-08 15:38 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Iran, Energy, Economy & Finance, Financial Markets, Trade & Sanctions, US Politics, Business & Economy
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Snippet:
Move over TACO trade. Traders now have a new acronym for a market increasingly skeptical that the Strait of Hormuz crisis will end anytime soon: NACHO.
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