58
Markets1h 56m ago

The Iranian embassy in Armenia tweeted 'TACO' (Trump Always Chickens Out) after US President Donald Trump announced the cancellation of strikes against Iran, leading to rising stocks and falling oil prices.

Archive Window: 30 Days Left

Armenia (Iranian Embassy), United States (Trump's actions, market indexes), Iran (cancelled attack, negotiations), Strait of Hormuz, Georgia (Trump rally)

Who
Iranian embassy in Armenia, US President Donald Trump, Iran’s Foreign Ministry spokesperson Esmail Baghaei, market indexes, S&P 500, Dow Jones Industrial Average, Nasdaq 100, Brent crude, US oil prices
What
The Iranian embassy in Armenia tweeted 'TACO' (Trump Always Chickens Out) after US President Donald Trump announced the cancellation of strikes against Iran, leading to rising stocks and falling oil prices.
When
Fri, 12 Jun 2026 08:39:43 GMT · 1h 56m ago
Where
Armenia (Iranian Embassy), United States (Trump's actions, market indexes), Iran (cancelled attack, negotiations), Strait of Hormuz, Georgia (Trump rally) ·
Why
US President Donald Trump frequently calls off military strikes against Iran, a pattern that has been dubbed 'TACO' and has now impacted market reactions.
The Frontline Impact

How this affects you

The cancelling of US military action against Iran and the subsequent 'TACO' trend has caused major US stock indexes to rise by over 1% and international oil prices to fall by up to 3%. This directly reflects immediate investor reaction to reduced geopolitical tensions, potentially signaling short-term market stability but highlighting continued volatility around US-Iran relations.

Story chain

30 events in this thread
  1. Currently Reading1h 56m ago
    The Iranian embassy in Armenia tweeted 'TACO' (Trump Always Chickens Out) after US President Donald Trump announced the cancellation of strikes against Iran, leading to rising stocks and falling oil prices.
  2. Markets1h 56m ago
    Indian equity benchmarks Sensex and Nifty saw a major rebound on Friday, June 12, with Sensex jumping 1209.21 points (1.64%) and Nifty surging 328.80 points (1.42%).
    Open article
  3. Markets2h 32m ago
    Oil prices have fallen to a three-month low and stocks are rallying after Donald Trump claimed he was close to reaching a deal with Iran.
    Open article
  4. Markets2h 54m ago
    Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that “wrong strategies and impulsive decisions” could trigger a broader crisis that would devastate energy infrastructure and roil global markets.
    Open article
  5. Markets2h 54m ago
    Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that “wrong strategies and impulsive decisions” could trigger a broader crisis that would devastate energy infrastructure and roil global markets, as Iran disputed President Donald Trump’s claims of a peace agreement.
    Open article
  6. Markets3h 23m ago
    Gold and silver prices rose on Friday, with gold futures for August delivery touching an intraday high of Rs 1,50,600 per 10 grams on the Multi Commodity Exchange (MCX).
    Open article
  7. Markets3h 23m ago
    Gold and silver prices rose on Friday, supported by hopes of progress in peace negotiations related to the ongoing West Asia conflict.
    Open article
  8. Markets3h 23m ago
    Gold and silver prices rose on Friday, supported by hopes of progress in peace negotiations related to the ongoing West Asia conflict.
    Open article
  9. Markets5h 1m ago
    Asian stocks extended a global rally on Friday as hopes grew for a potential Middle East peace deal, causing the dollar and bond yields to dip, while oil prices hit two-month lows, easing inflation concerns.
    Open article
  10. Markets5h 1m ago
    Asian stocks extended a global rally on Friday as hopes grew for a potential Middle East peace deal.
    Open article
  11. Markets5h 14m ago
    South Korean stocks recorded a strong jump on Friday, with the benchmark KOSPI surging more than 8 percent, as investors cheered signs of easing geopolitical tensions in the West Asia.
    Open article
  12. Markets5h 21m ago
    Bitcoin traded at $63,550 on Friday, up 1.6% on the day, with President Donald Trump stating the US was close to a deal with Iran and he had "ended the war with Iran today."
    Open article
  13. Markets5h 26m ago
    China and Hong Kong stocks experienced a rebound on Friday, marking a potential weekly gain for the Shanghai Composite.
    Open article
  14. Markets5h 26m ago
    China and Hong Kong stocks experienced a rebound on Friday, with the Shanghai Composite potentially achieving its first weekly gain in a month.
    Open article
  15. Markets5h 44m ago
    The Nifty Auto index rallied 2%, with several auto stocks like Ashok Leyland and Bosch surging up to 4% in Friday's intra-day trade, after crude oil prices slipped below $90 a barrel.
    Open article
  16. Markets6h 20m ago
    Indian shares advanced on Friday as oil prices fell after U.S. President Donald Trump cancelled plans to strike Iran, citing progress in talks.
    Open article
  17. Markets6h 26m ago
    The BSE Sensex jumped 981 points, or 1.33%, to 74,814 in early trade, while the NSE Nifty 50 gained 272 points, or 1.17%, to trade at 23,434.
    Open article
  18. Markets6h 30m ago
    Indian equity markets rose in the morning session on Friday, with Sensex surging 1.35 percent and Nifty rising 1.26 percent.
    Open article
  19. Markets7h 30m ago
    South Korean stocks jumped as risk appetite improved after President Donald Trump said the US was nearing an agreement with Iran to end the war.
    Open article
  20. Markets7h 30m ago
    Gold jumped the most in more than two months after US President Donald Trump said he canceled planned military strikes against Iran.
    Open article
  21. Markets8h 10m ago
    Stock markets across Asia surged, with Korea's Kospi soaring nearly 8 per cent, following optimism over the US decision to not go ahead with planned strikes on Iran.
    Open article
  22. Markets8h 10m ago
    Stock markets across Asia surged following President Donald Trump's announcement that planned strikes on Iran were canceled, with Brent crude futures falling below $90 a barrel.
    Open article
  23. Markets8h 10m ago
    Stock markets across Asia surged, with Korea's Kospi soaring nearly 8 per cent, on optimism over the US decision to not go ahead with planned strikes on Iran.
    Open article
  24. Markets8h 27m ago
    Indian markets are predicted to open positively today, June 12, 2026, following a strong global equities rally driven by optimism for a US-Iran peace deal.
    Open article
  25. Markets8h 27m ago
    Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on Friday, tracking strong gains across global markets after optimism grew over a possible peace agreement between the United States and Iran.
    Open article
  26. Markets9h 3m ago
    South Korea's Kospi advanced 7.01% at open, while the small-cap Kosdaq added 3.25% on June 12.
    Open article
  27. Markets9h 33m ago
    U.S. President Donald Trump announced that the U.S. had reached a "great settlement" to end the war with Iran, which drove oil prices lower and U.S. markets to rally.
    Open article
  28. Markets9h 56m ago
    Asian stocks rallied on Friday due to hopes of a Middle East peace deal and anticipation of Elon Musk's SpaceX IPO, which raised a record $75 billion, while oil prices fell to two-month lows tempering inflation fears.
    Open article
  29. Markets10h 39m ago
    US stocks rallied, adding $1.2 trillion in market value, after President Donald Trump signaled a possible Iran deal and reports emerged of cancelled airstrikes.
    Open article
  30. Markets12h 25m ago
    US stocks rallied and oil prices tumbled on Thursday after US President Trump announced the cancellation of planned strikes on Iran and touted a deal with the country.
    Open article

Verified Sources & Citations