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Asia-Pacific markets were set to open lower Friday, tracking Wall Street losses overnight, as the Iran conflict sends energy prices higher.
Overnight, oil prices broke through the $80 per barrel mark, with Brent futures up 3.54% and last trading at $84.31. U.S. West Texas Intermediate crude dipped 2% to trade at $79.38.
More uncertainty was also seen on the global trade front after New York Attorney General Letitia James and the top prosecutors of 23 other states once again sued to block President Donald Trump’s global tariff regime.
This comes after the U.S. Court of International Trade had ruled Thursday that companies were entitled to tariff refunds from Trump’s duties that were struck down by the Supreme Court.
