Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street on Monday, as traders remain cautious amid the uncertainty about the opening of the Strait of Hormuz even as crude oil prices keep soaring. Traders also await a series of central bank decisions, including from Japan and the U.S. later in the week. Asian markets closed mixed on Monday.
U.S. President Donald Trump and his national security team on Monday discussed Iran's proposal to reopen the Strait of Hormuz, but it remains unclear whether Trump would accept the proposal.
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