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‘Ego’ and ‘Ignorance’: Economist Explains Why Strait of Hormuz Won’t Open Any Time Soon
April 30, 2026
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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 time soon. [] The post ‘Ego’ and ‘Ignorance’: Economist Explains Why Strait of Hormuz Won’t Open Any Time Soon appeared first on The New Civil Rights Movement.
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