Asian markets showed mixed reactions as tensions over the Strait of Hormuz continued to rattle investors. Japan's Nikkei 225 climbed 1.7 per cent while the broader Topix remained flat. South Korea's Kospi gained 2.1 per cent in morning trading, reflecting regional optimism despite geopolitical risks.

Brent crude prices rose 0.8 per cent to $96.73 per barrel, driven by concerns over potential disruptions to Middle East oil shipments. Australia's S&P/ASX 200 fell 0.5 per cent, highlighting the vulnerability of energy-importing economies to regional instability. The US dollar strengthened 0.1 per cent against major currencies.

Gold prices dipped 0.1 per cent to $4,758 per troy ounce as investors weighed safe-haven assets against the strengthening dollar. The market movements underscore how geopolitical tensions in the Strait of Hormuz continue to influence global financial markets, with energy prices serving as a key barometer of regional stability concerns.