The ongoing war involving Iran remains an important factor for financial markets as investors monitor diplomatic developments and the effect on energy supplies. Asian markets were mixed on Thursday, with several markets gaining despite continuing concerns over the conflict, while oil prices remained volatile.
Brent crude was trading near $98 a barrel and US crude around $90 a barrel. Markets are closely watching developments around the Strait of Hormuz because prolonged disruption to shipping could affect crude availability, transportation costs and inflation across major economies.
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