Oil prices move higher on Thursday after reports of new U.S. military strikes on Iran, underscoring continuing uncertainty over a Middle East ceasefire. The market reaction is mixed across regions: while oil prices bounce upward, Asian equities mostly decline or remain cautious. Channel NewsAsia reports that Asian shares turn hesitant as the strike news challenges investor optimism about the near-term prospects for a peace deal. Vanguard similarly links the price uptick to the latest test of a “shaky” ceasefire in the broader conflict. The articles frame the strikes as a development that investors are monitoring for potential escalation, which can affect supply expectations and risk sentiment. Overall, the sources agree that the fresh strike is the key catalyst for the day’s movement in crude prices and contributes to subdued or cautious trading in Asian markets. The coverage does not provide detailed figures for oil prices or specify the strikes’ operational impact, focusing instead on the broader market implications of renewed military action.