Asian stock markets are expected to decline, oil prices rise as Iran conflict continues to escalate

Jinse Finance reported that Asian stock markets are expected to open lower on Thursday, continuing this week's intense volatility. Rising oil prices and increasing pressure in the private credit market are weighing on investor sentiment. Japanese and Hong Kong stock index futures indicate a weak opening, Australia's stock market fell more than 1%, and S&P 500 index futures dropped 0.9%. Oil prices rose for the second consecutive day, as escalating rhetoric related to the Iran conflict has sparked concerns about a prolonged confrontation, overshadowing the impact of emergency crude oil releases by wealthy nations.