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Will Trump “TACO” over the Strait of Hormuz? | The Economist

Posted

May 1, 2026

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Oil surged to over $126 dollars a barrel this week as investors lost hope that the Strait of Hormuz would open soon. Analysts like to say that when markets react badly “Trump Always Chickens Out” or “TACO”. The Economist’s top editors ask if this time America’s president will buck that trend.

#trump #finance #iran #oil #markets #economy

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Will Trump “TACO” over the Strait of Hormuz? | The Economist · The Economist · Sentinel