Global energy markets paused on the 23rd of March after U.S. President Donald Trump suddenly stepped back from his 48-hour threat to destroy Iran’s power grid.

He said there had been progress in secret talks and mentioned major points of agreement toward ending the three-week conflict. Because of this, Trump announced a five-day pause on any action against Iran’s infrastructure, which caused oil prices to drop from around $113 to near $100.

However, the situation is still unclear. While the White House is suggesting that a deal may be close, Iran has rejected these claims, calling them “fake news” and accusing the U.S. of trying to influence oil prices.

Thus, as the five-day pause begins, it’s…