Asian Markets Torn Between Geopolitical Tensions and Economic Uncertainty

Asian markets struggled for a definitive direction on Friday, overshadowed by fears of a potential U.S. strike against Iran amid escalating conflicts between Israel and Iran. Meanwhile, oil prices are set for a third consecutive weekly rise as tensions heighten in the Middle East.

Following Israel's bombing of nuclear targets in Iran and retaliatory missile and drone strikes by Iran, the conflict shows no sign of de-escalation. President Donald Trump will decide soon on possible U.S. involvement, facing divided opinions within his base.

The mixed performance in Asian markets, with a cautious sentiment prevailing, reflects the lingering uncertainties as central banks from Japan, Switzerland, and Norway navigate tricky economic landscapes. Currency and bond markets were similarly affected by these geopolitical tumult and central bank policies.

(With inputs from agencies.)