Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, with traders remaining cautious as the blockade of all maritime traffic entering and exiting Iranian ports and the Strait of Hormuz continues, pushing crude oil prices higher to levels not seen in four years and continuing to escalate inflationary pressures. Asian markets closed mostly higher on Wednesday.
The ongoing war between the U.S. and Iran has left the Strait of Hormuz blocked since the war began on February 28.
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