Trump's Iran-war address caused another oil spike. Here's what smart people in markets are saying.

Alex Brandon-Pool/Getty Images

• Oil prices skyrocketed after Trump's latest Iran-war speech failed to provide a clear timeline for resolution.
• The speech also reversed a sharp two-day rally in stocks.
• Here's how market strategists like Mohamed El-Erian, Marko Kolanovic, and Diane Swonk reacted to the moves.

Oil prices surged after President Trump spoke about the war in Iran on Wednesday night, fueling a sharp reversal in the relief rally seen earlier in the week.