On Thursday, Asia-Pacific markets are expected to open mixed as investors analyze the ongoing negotiations between Iran and the U.S., which remain a focal point amid a fragile ceasefire. U.S. Secretary of State Marco Rubio indicated that there has been progress in talks, advocating for a diplomatic resolution. However, President Donald Trump has made it clear that Iran should not gain control over the strategic Strait of Hormuz as part of any agreement. A report from Iranian state media suggested that Tehran plans to restore commercial traffic through the Strait to prewar levels within a month of an agreement; however, the White House labeled this report as a 'complete fabrication.' In the oil markets, West Texas Intermediate futures rose by 1.15% to $89.70 per barrel, while Brent crude futures were last seen at $94.29. In terms of market performance, Japan's Nikkei 225 is projected to gain, while Hong Kong's Hang Seng index futures are lower compared to previous closes. U.S. indices also performed well, with the S&P 500 reaching a record close of 7,520.36 and the Dow Jones Industrial Average closing at 50,644.28.