Trump Vows Escalation in Iran

President Trump's Wednesday night address from the White House sent shockwaves through international diplomatic and financial circles.

While claiming that the war is 'very close' to a successful conclusion, he warned of fresh attacks on Iranian infrastructure within the next two to three weeks.

Allies and domestic critics alike have pointed to a lack of a coherent exit strategy or a plan to reopen the vital Strait of Hormuz.

The resulting economic uncertainty has triggered a massive sell-off in global equities and a sharp spike in energy costs.