Asian markets started Friday with lower numbers after Israel's attack near Tehran. This event has heightened concerns about Iran's nuclear program, causing a notable increase in oil prices for both U.S. and Brent crude. Key stock market indexes in Tokyo, Seoul, Hong Kong, Shanghai, and Australia all went down. However, Xu Tiachen from The Economist Intelligence thinks Asian markets will probably bounce back quickly. This is because they are not very involved in the conflict and have strong ties with stable areas like Saudi Arabia and the UAE. Meanwhile, U.S. stock markets went up on Thursday due to good news about inflation. This news also led to a drop in government bond yields, suggesting that the Federal Reserve might lower interest rates later this year. Despite these positive changes, worries continue about how Trump's changing tariffs could affect inflation and the chance of an economic downturn.