A 24-year-old man presents to the ED after being stabbed in the left side of his chest. His blood pressure is 90/60 mmHg, heart rate 120 bpm, respiratory rate 28/min, and oxygen saturation 94% on high-flow oxygen. On examination, his trachea is deviated to the right, breath sounds are absent on the left, and the left hemithorax is hyper-resonant to percussion. What is the immediate, life-saving intervention required?