A 28-year-old woman is brought to the emergency department after a stab wound to the left anterior chest at the 4th intercostal space. She is alert, respiratory rate 24/min, blood pressure 115/72 mmHg, heart rate 102/min, and oxygen saturation 94% on room air. Breath sounds are diminished on the left. Percussion is hyperresonant on the left side. Chest X-ray shows a collapsed left lung with visceral pleural line visible and mediastinal shift toward the right. There is no subcutaneous emphysema. What is the most appropriate next step in management?