00:00A new Wall Street phrase is rapidly spreading through financial markets as traders react to escalating tensions in the Middle
00:06East.
00:07The term nacho, short for Not a Chance Hormuz Opens, reflects growing skepticism that the critical Strait of Hormuz shipping
00:14route will reopen quickly.
00:16The waterway normally carries roughly 20 percent of the world's oil and gas supply, and disruptions there have pushed crude
00:23prices sharply higher in recent weeks.
00:26Traders say markets are increasingly pricing in a prolonged geopolitical crisis, despite optimistic public comments from President Trump about potential
00:36ceasefire negotiations with Iran.
00:38Analysts warn that continued instability in the region could fuel inflation, raise gasoline prices, and pressure global economic growth throughout
00:47the year.
Comments