Due to the market volatility caused by the contradictory statements from the United States regarding Iran, oil prices rebounded by over 6%, reaching approximately $88.60 per barrel, recovering from a 12% drop on Tuesday — the largest single-day decline in four years. Previously, U.S. Energy Secretary Chris Wright issued incorrect information about naval escort ships in the Strait of Hormuz, which was later deleted and denied by the White House. Given the ongoing uncertainty in crude oil supply, Asian stock markets are expected to open higher.