![\"Asian](\"https:\/\/static.toiimg.com\/thumb\/msid-130458477,imgsize-817431,width-400,height-225,resizemode-4\/untitled-design-54.jpg\" "\\"<p>File")
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Asian markets slipped on Thursday after briefly hitting record highs, as rising oil prices and uncertainty over US-Iran peace talks dampened investor sentiment.Japan\u2019s benchmark index surged past a historic milestone before reversing course. The Nikkei 225 briefly crossed the 60,000 mark for the first time, touching 60,013.98, but later fell 1.5% to 58,707.60.South Korea\u2019s Kospi also gave up early gains, slipping 0.1% to 6,414.57 after briefly moving above 6,500.Elsewhere in the region, Hong Kong\u2019s Hang Seng dropped 1.1% to 25,865.88, while China\u2019s Shanghai Composite fell 0.8% to 4,073.71.Australia\u2019s S&P\/ASX 200 declined 0.8%, Taiwan\u2019s Taiex sank 1.6%, and the BSE Sensex was down 0.6%.<\/p>\n Investor mood weakened as geopolitical tensions in the Middle East continued to escalate. Oil prices rose sharply amid concerns over supply disruptions linked to the ongoing Iran conflict.Brent crude climbed about 1.5% to $103.39 per barrel, while US crude rose 1.8% to $94.66.Prices have surged significantly from around $70 before the war began in late February.As per Reuters, the spike in oil prices follows renewed shipping disruptions in the Gulf, including Iran\u2019s seizure of vessels in the Strait of Hormuz, a key global energy corridor. The waterway, which typically handles about 20% of global oil flows, remains largely blocked.ING strategists Warren Patterson and Ewa Manthey said the oil market \u201cis having to reprice expectations,\u201d adding that \u201cas hopes fade, the reality of the supply disruption will set in,\u201d reported news agency AP.<\/p>\n Asian markets initially tracked strong gains on Wall Street, where major US indices hit record highs on the back of robust corporate earnings.The S&P 500 rose 1% to 7,137.90, while the Nasdaq jumped 1.6% and the Dow Jones gained 0.7%.Shares of GE Vernova surged 13.7% after strong earnings, while Boeing rose 5.5%.However, the rally in Asia proved short-lived, with MSCI\u2019s broadest index of Asia-Pacific shares outside Japan falling 0.5% after earlier hitting a record.<\/p>\n Analysts highlighted that markets remain highly sensitive to geopolitical risks despite recent resilience.\u201cMarkets look very on edge here. We are still in a no-war, no-peace zone,\u201d said Charu Chanana of Saxo, as per Reuters. She added that even minor escalation fears can push oil higher and drag risk assets lower.Laura Cooper of Nuveen echoed similar concerns, saying \u201cthe list of risks is growing as resolutions remain elusive\u201d.With peace talks between the US and Iran still uncertain and ceasefire prospects unclear, investors are likely to remain cautious, keeping volatility elevated across global markets.<\/div>\nOil surge, Iran tensions hit sentiment<\/h3>\n<\/p>\n
Early gains fade despite Wall Street rally<\/h3>\n<\/p>\n
\u2018No-war, no-peace\u2019 uncertainty persists<\/h3>\n<\/p>\n