US President Donald Trump is coming under increasing international pressure after he pledged in a primetime speech to continue the war on Iran, sparking further turmoil in energy markets, with little sign the Strait of Hormuz will be open soon.

The price of oil surged while stocks retreated fter U.S. President Donald Trump's address stoked fears the Iran war could be about to get a lot worse.

Oil prices climbed and stocks slipped Thursday, after inflammatory remarks by US President Donald Trump and Iranian officials sparked fears that the conflict could still escalate significantly.

President Donald Trump’s address on Wednesday has left investors with concerns over a potential escalation for the Iran conflict.

Oil rose more than 10% and U.S. futures tumbled Thursday after President Donald Trump said in his first national address since the Iran war began that the United States will escalate its campaign in the coming weeks.

Markets recoiled on Thursday as war jitters over Iran deepened, with stocks sliding, oil surging well over $100 per barrel and the dollar firming after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end.

US President Donald Trump’s address to the nation last night — which offered few details of an exit strategy for the war with Iran — rattled oil traders. Follow for live updates.

Business Insider gathered commentary from top expects as oil prices climbed on Thursday after Trump's remarks on the war in Iran.