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

Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.

# ‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/08/traders-nacho-trade-strait-hormuz-oil-markets-taco-trump-iran.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*