Asian markets drift as Trump mulls Iran strike, oil rises 4% this...

Asian markets drift as Trump mulls Iran strike, oil rises 4% this week; BOJ faces rate hike pressure

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Asian markets displayed uncertainty amid escalating US-Iran tensions and potential military action. Oil prices are poised for a third weekly gain despite a Friday dip, fueled by the conflict between Israel and Iran. While the People's Bank of China held rates steady, Japan's rising inflation puts pressure on its central bank, and global central banks are diverging on monetary policy.

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