Wall Street is now using the ‘NACHO’ acronym, meaning ‘Not A Chance Hormuz Opens,’ as the Strait of Hormuz remains closed, impacting oil prices and market sentiment. This follows the ‘TACO’ acronym (‘Trump Always Chickens Out’) which emerged amid previous US-Iran tensions. Despite ongoing conflict in the Middle East disrupting shipments, White House spokesperson Kush Desai dismissed the ‘NACHO’ narrative.
Source :- Markets-Economic Times Read More
