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.

Hopes for a swift end to the Middle East war faded on Thursday after U.S. President Donald ⁠Trump vowed ⁠more aggressive strikes on Iran, in an eagerly anticipated address that ⁠disappointed investors hoping for clearer signals of a way out.

President Donald Trump issued fresh threats to Iranian infrastructure in an effort to pressure Tehran in negotiations, a day after his pledge to continue the war touched off global market and economic turmoil.

Oil futures soared, holding gains after President Trump’s address Wednesday night disappointed investors who were hoping for a swift end to the Iran war.

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

The White House promised an “important update” on Iran, in what is set to be the president’s first prime-time address since the U.S. and Israeli assault began.

Stocks overcame early losses to finish with slim gains and close out their first winning week since the start of the Iran war

Stocks recovered most of their earlier losses as volatility returned to Wall Street Thursday after two days of solid gains. The S&P 500 fell 0.1% after slumping as much as 1.5% in early trading. The Dow Jones Industrial Average shed 108 points,