Oil steadies and global shares are mixed as Iran war fuels energy supply concerns

HONG KONG (AP) — Oil prices steadied connected Friday connected the intensifying Iran warfare to astir $110 a barrel, portion planetary shares were mixed pursuing Wall Street losses.

U.S. futures were down much than 0.4%.

A Kuwaiti lipid refinery came nether Iranian drone onslaught aboriginal Friday arsenic Tehran shows small signs of letting up connected its attacks connected Gulf portion vigor structure.

Oil prices had a roller-coaster time connected Thursday with Brent crude, the planetary standard, concisely surging to astir $119 per tube arsenic attacks by Iran escalated aft Israel's onslaught connected Iran’s cardinal earthy state field.

On Friday, Brent crude resumed its summation pursuing a dip earlier successful the day, rising 1.6% to $110.36 a barrel. Benchmark U.S. crude was up 0.3% to $95.80 a barrel.

Israeli Prime Minister Benjamin Netanyahu said precocious connected Thursday helium would clasp disconnected connected further attacks connected Iran’s state tract astatine the petition of U.S. President Donald Trump.

The Iran war, which is successful its 3rd week, has sent vigor prices soaring and is fueling planetary ostentation worries. Concerns are besides increasing implicit the proviso of lipid and state with the Strait of Hormuz, a important waterway for the vigor proviso located betwixt Iran and Oman, mostly closed. U.S. Treasury Secretary Scott Bessent connected Thursday raised the anticipation of lifting its sanctions connected Iranian lipid astatine oversea successful a imaginable effort to easiness lipid prices.

In aboriginal European trading, Britain's FTSE 100 was down 0.1% to 10,052.39. France's CAC 40 gained 0.2% to 7,823.73, portion Germany's DAX roseate 0.4% to 22,930.92.

Asian markets were mostly lower. Hong Kong’s Hang Seng mislaid 0.9% to 25,277.32, portion the Shanghai Composite scale was down 1.2% to 3,957.05.

South Korea’s Kospi gained 0.3% to 5,781.20. Japan’s Nikkei 225 was closed connected Friday connected a holiday.

Australia’s S&P/ASX 200 was down 0.8% to 8,428.40.

Taiwan’s Taiex was 0.4% lower, portion India's Sensex was up 0.8%.

Wall Street reported humble losses connected Thursday. The S&P 500 was down 0.3% to 6,606.49. The Dow Jones Industrial Average mislaid 0.4% to 46,021.43, and the Nasdaq composite was 0.3% little astatine 22,090.69.

Shares of U.S. representation chipmaker Micron Technology declined 3.8% adjacent though the institution reported better-than-expected quarterly results. Its shares were inactive up astir 330% implicit the past twelvemonth connected a worldwide representation shortage.

In different trading aboriginal Friday, golden gained 1.4% to $4,670.20 per ounce, portion metallic roseate 1.4% to $72.19 an ounce.

The U.S. dollar roseate to 158.78 Japanese yen, from 157.76 yen. The euro was trading astatine $1.1554, down from $1.1589.

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