Wall Street Dubs Trump 'NACHO' Over Hormuz Oil Standoff

Wall Street traders have dubbed Donald Trump 'NACHO'—Not A Chance Hormuz Opens—over his handling of the Iran crisis and the risk the Strait of Hormuz could be blocked, threatening global oil supplies. The nickname, following an earlier 'TACO' label for his trade stance, signals market anxiety as oil prices rise and the White House faces scrutiny. Trump canceled a planned diplomatic trip and later hosted a White House meeting with oil executives to discuss energy fallout, while Tehran floated reopening Hormuz in exchange for sanctions relief.