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House Democrat Slams ‘TACO’ Jokes About Trump’s Ceasefire with Iran

The pause followed talks with Pakistan and came as global markets rallied, with the Dow up 1,300 points and oil prices down 17%, analysts said.

  • On Tuesday, President Donald Trump announced a two-week ceasefire with Iran, suspending threatened strikes after securing a commitment to reopen the Strait of Hormuz following discussions with Pakistani Prime Minister Shehbaz Sharif.
  • Critics resurrected the 'TACO' acronym, standing for 'Trump Always Chickens Out,' to mock the president's pattern of issuing extreme threats before retreating when facing economic pressure.
  • The Dow Jones Industrial Average surged over 1,200 points following the announcement, while international oil prices plummeted 17%; Iran's 10-point proposal demands 'regulated passage' under coordination of its armed forces.
  • White House press secretary Karoline Leavitt called the deal 'a big day for world peace,' yet negotiations face hurdles over Iran's demand for armed forces coordination of the Strait.
  • The ceasefire is a temporary pause rather than a settlement, with the U.S.-Israeli war against Iran continuing; projections warn gasoline prices could peak at $4.30 a gallon.
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Globo broke the news in Brazil on Wednesday, April 8, 2026.
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