5 May 2026 7:43 am
Secretary of Defense Pete Hegseth said the U.S. is "locked and loaded" in the Strait of Hormuz as it moves to open up the Strait of Hormuz.Blackvegetable » 29 Apr 2026, 2:38 pm » wrote: ↑
The president’s handling of the Iran war has earned him a humiliating new nickname among Wall Street traders who are questioning his ability to reopen a critical global oil route.
Traders have adopted the term “NACHO,” an acronym for “Not A Chance Hormuz Opens,” according to Bloomberg columnist Javier Blas, who reported Wednesday that a trader disclosed the nickname.
"We prefer this to be a peaceful operation, but are locked and loaded to defend our people, our ships, our aircraft, and this mission without hesitation," Hegseth said during a press conference at the Pentagon Tuesday.