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.

Oil prices have been excruciatingly volatile since the start of the year. They soared as tensions with Iran grew. Brent oil, the global benchmark, peaked near $120 a barrel after Iran struck energy infrastructure in the Persian Gulf.

Oil & gas stock Devon Energy (DVN) is climbing up the charts, but could be due for a pullback after this options signal

If you are looking at the rise in oil prices and thinking about buying an energy stock, here are two you can hold long term.

Risk of tit-for-tat attacks on energy infrastructure had been weighing on markets

SolarEdge Technologies is among the clean-energy stocks benefiting from oil market turbulence -- a movie investors have seen before.

Stocks closed higher Wednesday after the White House said the U.S. is close to meeting its core objectives in Iran. Oil prices fell.

Top insights from the latest market news from Monday, March 23, from The Motley Fool analysts on Team Rule Breakers and Team Hidden Gems.