Global financial markets were less shaky after U.S. President Donald Trump said he would delay any military action in the Middle East for two more weeks.

Instead, he wants to give peace talks in Geneva a chance. This news helped calm traders who had been nervous about a possible war between Israel and Iran.

Oil prices, which had gone up due to the tensions, stayed around $75 per barrel. That’s still high, but not as bad as some feared. Meanwhile, the U.S. Federal Reserve said it will continue to watch inflation and keep interest rates steady for now.

In Europe, both Switzerland and Norway decided to cut interest rates. This is meant to support their economies as global uncertainty grows. On the other hand, China is still facing problems with a drop in foreign investment.

Investors are feeling a little better knowing that there might be time for peace, but many are still watching closely. Any new violence could cause more problems for the world economy.

For now, businesses are hoping for stability and a peaceful outcome to the talks.