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    <title>islamabad agreement on Policymaker.net</title>
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      <title>The Islamabad Agreement: Trump Cancels His Own Strikes, Pays Iran for the Privilege, and Calls It a Deal</title>
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      <pubDate>Fri, 12 Jun 2026 00:00:00 +0000</pubDate>
      
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      <description>The TACO trade has gone kinetic. Trump Always Chickens Out began as a Wall Street acronym for tariff threats that evaporated on contact with the bond market. It now describes American Gulf policy. On Tuesday, President Trump struck Iran to &amp;ldquo;restore leverage.&amp;rdquo; On Thursday, he canceled the follow-on strikes, announced that Iran&amp;rsquo;s leadership had &amp;ldquo;approved&amp;rdquo; a draft agreement, and began planning a signing ceremony for the weekend. Iran&amp;rsquo;s foreign ministry responded that Tehran had &amp;ldquo;not yet reached a final decision.</description>
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