Asia-Pacific markets opened lower on Thursday, following Wall Street's decline, as renewed tensions between Iran and the U.S. push oil prices higher.

The conflict has raised concerns about energy supply and inflation, weighing on investor sentiment.

The situation echoes previous volatility in the region, with recent reports indicating that military activity from Iran has rekindled fears of prolonged instability.

Earlier this week, markets had seen a brief reprieve after news of a potential temporary agreement between Washington and Tehran.

However, renewed hostilities have once again disrupted the fragile calm.

The impact is being felt across the region, with energy prices remaining a key concern.