Events Archive
economicApr 30, 2026
Nobel economist explains why Trump won’t let the Strait of Hormuz reopen
Summary
Nobel laureate Paul Krugman is swapping “TACO” — “Trump Always Chickens Out” — for “NACHO” — “Not a Chance Hormuz Opens.” The prominent economist argues that there are three reasons the Strait of Hormuz, critical for global shipping, including of oil, remains closed and does not appear to be close to reopening any…
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- David BadashBy David Badash
Nobel laureate Paul Krugman is swapping “TACO” — “Trump Always Chickens Out” — for “NACHO” — “Not a Chance Hormuz Opens.” The prominent economist argues that there are three reasons the Strait of Hormuz, critical for global shipping, including of oil, remains closed and does not …
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