Asian markets started lower on Friday after Israel's attack near Iran's capital. This event increased worries about Iran's nuclear program, causing oil prices, including U.S. and Brent crude oil, to rise significantly. Stock markets in Tokyo (Nikkei 225), Seoul (Kospi), Hong Kong (Hang Seng), Shanghai, and Australia (S&P/ASX 200) all decreased. Although the Israeli attack creates global risks, Xu Tiachen from The Economist Intelligence thinks Asian markets will probably get better quickly. This is because they are not very involved in the conflict and have stronger connections with stable areas like Saudi Arabia and the UAE. On Thursday, U.S. stock markets went up after good news about inflation. Stocks also improved because Treasury yields fell, which suggests the Federal Reserve might lower interest rates later this year. However, people are still worried about how Trump's changing tariffs could affect inflation and the chance of a recession.