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Asia-Pacific markets open lower on fresh Iran-U.S. tensions following clashes

CNBC·Justina Lee·25 days ago
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Offshore vessel 'Zakher Duty' at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. Amr Alfiky | Reuters Asia-Pacific markets opened lower Friday, as concerns grew over renewed hostilities between Iran and the U.S. amid a fragile ceasefire. The U.S. and  Iran  traded fire in the  Strait of Hormuz , with each side claiming the other initiated the attack. Despite the escalation, President  Donald Trump insisted that the ceasefire remains in effect, saying the strikes are "just a love tap" during a call with an ABC News reporter later Thursday. Trump later claimed in a subsequent  Truth Social post that the U.S.…

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