Asian Markets Mixed as Brent Crude Rises Above $100 Amid Middle East Tensions

Asian stock markets showed mixed but generally positive movements following Wall Street's gains, driven by optimism over tanker navigation through the Strait of Hormuz amid ongoing Middle East tensions. Brent crude oil prices rebounded above $100 per barrel after earlier declines, reflecting supply concerns linked to Iran and regional conflicts. Central banks, including Australia's Reserve Bank, raised interest rates in response to inflation pressures partly influenced by rising fuel costs. Investors remain cautious ahead of key central bank meetings and geopolitical developments.