In the wake of Israel's strike on the Iranian capital, Asian markets commenced Friday trading inauspiciously, exacerbating extant anxieties surrounding Iran's ascendant nuclear ambitions and precipitating a parabolic surge in crude oil futures, with both the U.S. benchmark West Texas Intermediate and Brent crude exhibiting substantial appreciation; concomitantly, key equity indices – including Tokyo’s Nikkei 225, Seoul's Kospi, Hong Kong’s Hang Seng, the Shanghai Composite Index, and Australia’s S&P/ASX 200 – registered declines, although, per Xu Tiachen of The Economist Intelligence Unit, despite the inherent systemic risk engendered by the Israeli incursion, Asian markets are projected to demonstrate near-term resilience, predicated upon their circumscribed direct exposure to the locus of conflict and burgeoning economic interdependencies with jurisdictions such as Saudi Arabia and the UAE, regions comparatively insulated from the immediate geopolitical fallout, while juxtaposed against this backdrop, U.S. equity benchmarks rallied Thursday on the heels of sanguine inflation data, buoyed further by contraction in Treasury yields, thereby reinforcing speculation of potential monetary easing by the Federal Reserve in the latter half of the fiscal year, notwithstanding persistent trepidation regarding the protean inflationary impact of prospective Trump-era tariff impositions and the ever-present spectre of macroeconomic recession.