Stocks slumped and oil prices soared Thursday after Trump vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East.

Trump's comments also rekindled concerns over stagflation, the toxic mix of high inflation and weak growth that roiled markets in March.

Trump's comments also rekindled concerns over stagflation, the toxic mix of high inflation and weak growth that roiled markets in March.