India, April 2 -- US President Donald Trump's fresh warning to Iran triggered a big meltdown in global markets, as oil prices jumped and stocks tumbled amid fears of the Iran-US war escalating even further.

In his prime time address to the US, Trump seemed to send mixed messages on the future of the war. While he said that the US military objectives would be completed "very shortly", he also issued a fresh warning to Iran, threatening to hit "extremely hard" if no deal is made.

Trump's remarks were no help to eager investors who were hoping for a big signal of an imminent end to the military conflict with Iran.

Oil prices climbed more than $5 after Trump's address, with Brent crude futures rising $6.33, or 6.3%, to $107.49 per barrel, ...