Facing a convulsing stock market, President Donald Trump on Thursday moved to buy himself more time and hold off, once again, on carrying out a threat to obliterate Iran’s energy plants over the Islamic Republic's effective closure of the Strait of Hormuz.

Wall Street shot higher and oil futures tumbled after President Donald Trump extended his deadline for Iran to reopen the crucial Strait of Hormuz and said the U.S. would hold off on strikes against Iranian power plants and other energy infrastructure for five days.

President Trump on Thursday extended a pause on striking Iranian energy infrastructure until April 6, saying talks with Iran are "going very well.

President Trump pivoted after escalating threats. Israel also announced it had killed an Iranian commander leading efforts to block the Strait of Hormuz to almost all shipping traffic.

President Donald Trump sent conflicting signals on whether talks with Iran would bring a halt to the nearly month-long war.

Sen. Chris Murphy (D-Conn.) on Monday drew attention to an unusually large oil stock trade that occurred moments before President Trump announced a five-day pause on previously threatened energy infrastructure strikes in Iran,

U.S. stock indexes slipped and gave back some of their rallies from the day before, while oil prices got back to rising.

A British lawmaker accused President Trump of insider trading in light of unusual market activity before his announcement that Iran was engaged in peace talks. The post Trump Accused of ‘Giving His Mates Inside Information’ to Make Big Bets on Market in Fiery Speech from British Lawmaker first appeared on Mediaite.

Oil prices fell after Trump said he had productive talks with Iran, but experts say that the Iran war is too complex for the TACO trade playbook.