Oil prices maintained their gains, while Asian stocks were poised to follow Wall Street lower. The escalating standoff between the US and Iran has intensified concerns that potential disruptions to energy supplies could accelerate inflation.

The geopolitical tensions, particularly concerning Iran, are casting a shadow over global markets. Investors are closely monitoring the situation for any signs of impact on oil production and export routes, which could lead to further price volatility and contribute to rising inflation.

This uncertainty is expected to influence trading across various asset classes, with a cautious sentiment prevailing as markets digest the implications of the heightened Middle East tensions.