US and Iran clash again; oil prices rebound, Asian stocks close lower

Following a new wave of US airstrikes, Iran's Islamic Revolutionary Guard Corps (IRGC) targeted a US base in retaliation. This has destabilized the fragile Middle East ceasefire, causing international oil prices to rebound. Asian markets, including Tokyo, Hong Kong, Taipei, and Seoul, closed lower. Economists warn that if the conflict drives inflation higher, global central banks may be forced to raise interest rates, potentially suppressing economic growth. President Trump has warned that he will 'solve the problem' if a peace deal cannot be reached.