Asia stocks slide as Iran conflict keeps oil elevated and investors wary

Most Asian markets fell on Friday, with Japan and Korea leading declines and India headed for a weekly loss, as traders priced in the Iran conflict’s risk to oil supplies and inflation. Oil hovered near $100 a barrel amid fears of supply disruptions and Hormuz tensions, weighing on risk appetite and delaying potential Federal Reserve rate cuts. China held up relatively well while other markets saw mixed moves; overall, Asia was set for weekly declines as investors awaited signals of de-escalation.