Asian markets started lower on Friday after Israel attacked near Iran's capital. This event has made people more worried about Iran's nuclear program, causing oil prices, including U.S. and Brent crude oil, to go up a lot. Stock markets in Tokyo, Seoul, Hong Kong, Shanghai, and Australia all dropped. However, Xu Tiachen from The Economist Intelligence thinks that even though the Israeli attack is a big global risk, Asian markets will probably get better quickly. This is because they are not very involved in the conflict and have good connections with stable areas like Saudi Arabia and the UAE. In the U.S., stock markets went up on Thursday because of good news about inflation. This news also made government bond yields go down, which suggests that the Federal Reserve might lower interest rates later this year. Despite these changes, people are still worried about how Trump's changing tariffs could affect prices and if there might be a recession.