Asia open: Global markets jolted by US-Iran ceasefire violation, and traders brace for NFP

A violation of the US-Iran ceasefire in the Strait of Hormuz triggered market turmoil, with renewed geopolitical tensions and rising oil prices. The upcoming US NFP report now competes with war headlines, creating uncertainty for the Federal Reserve's monetary policy. Oil prices surged, leading to renewed concerns about global inflation and a retreat in risk assets.