‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock

2026-05-08 05:39 •
Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.
Read More Here: https://www.cnbc.com/2026/05/08/traders-nacho-trade-strait-hormuz-oil-markets-taco-trump-iran.html