In the wake of Israel's strike on the Iranian capital, Asian markets commenced Friday trading decidedly in the red, exacerbating extant anxieties surrounding Iran's burgeoning nuclear ambitions and triggering a pronounced spike in crude oil futures, with both U.S. benchmark West Texas Intermediate and Brent crude registering substantial gains; equity indices across the region, including Tokyo’s Nikkei 225, Seoul's Kospi, Hong Kong’s Hang Seng, the Shanghai Composite Index, and Australia’s S&P/ASX 200, all succumbed to downward pressure, although Xu Tiachen of The Economist Intelligence posits that, notwithstanding the palpable systemic risk engendered by the Israeli incursion, Asian markets are projected to demonstrate resilience and effect a swift recovery, predicated on their circumscribed exposure to the immediate theatre of conflict and burgeoning economic entanglements with comparatively insulated geopolitical actors such as Saudi Arabia and the UAE, juxtaposed against a backdrop of resurgent U.S. equity markets buoyed by Thursday's unexpectedly benign inflation data, catalyzing a decline in Treasury yields and fueling speculation regarding a prospective dovish pivot by the Federal Reserve later in the fiscal year, albeit tempered by lingering apprehensions concerning the potential inflationary ramifications of Trump's protean tariff policies and the spectre of an impending recession.