Asian markets are trading mostly lower on Thursday, despite the broadly positive cues from Wall Street overnight, as traders remain cautious following fresh attacks with the U.S. military shooting down four Iranian drones and striking a control center in the southern port city of Bandar Abbas to prevent a fifth drone launch. Asian markets closed mixed on Wednesday.
However, continued optimism about a potential peace deal between the US and Iran to end the Middle East war and the reopening of the Strait of Hormuz saw crude oil prices tumble.
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