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Oil prices fell after Donald Trump said Israel and Lebanon had agreed to a 10-day ceasefire following talks in Washington.
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Asia-Pacific markets open lower Friday as an Israel-Lebanon ceasefire tempered risk appetite, even after Wall Street closed at fresh record highs.
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The pause in the fighting between Israeli forces and Iranian-allied Hezbollah militants may help smooth the way to a peace deal between the U.S. and Iran.
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President Donald Trump announced the agreement, which went into force Thursday evening, as Pakistani mediators worked to extend a U.S.-Iran ceasefire and arrange new talks.
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A 13-hour blaze at one of Australia's two oil refineries could impact petrol prices and supply.
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President Trump had said that Israeli and Lebanese leaders would also speak on Thursday. But a Lebanese official said Lebanon's president had rejected the idea.
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;Resize=(620)) Russian forces attacked the Ukrainian capital of Kyiv with missiles early Thursday, killing a child, injuring several people — including emergency crew members — and damaging buildings, according to the city's mayor.
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