Asia Markets Drop 2% on U.S.-Iran Deal Uncertainty

AI Summary

Asian markets declined by approximately 2% as uncertainty surrounding U.S.-Iran peace talks emerged. Despite initial optimism, investor sentiment shifted following reports of setbacks in the negotiations. In response, oil prices, which had previously rallied, began to weaken. The decline in Asian shares is notable as it follows a tech-driven spike in U.S. markets earlier in the week, indicating volatility in market reactions to geopolitical events.