Markets cut losses later in the session as a reported release of Saudi Arabian crude on the market eased oil prices.

Markets cut losses later in the session as a reported release of Saudi Arabian crude on the market eased oil prices.

Oil prices jumped to the highest levels since 2022, as South Korean and Japanese indices slump following Iranian closure of Strait of Hormuz

Asia-Pacific markets looked set to fall Thursday as investors grappled with volatile oil prices and escalating tensions in the Middle East.