Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Thursday, following the broadly negative cues from Wall Street overnight, as surging crude oil prices weighed on investor sentiment and raised concerns over global inflation risks and the outlook for interest rates amid escalating US-Iran tensions and growing concerns over disruptions to Middle East energy supplies. Asian markets closed mixed on Wednesday.

Iran has signaled readiness for a more intense conflict, while US President Donald Trump ruled out a quick end to the war, saying it was unlikely to conclude before the November midterm elections. This has raised concerns over disruptions to energy flows through the Strait of Hormuz.