Oil Prices Ease But Energy Supply Worries Remain

HONG KONG (AP) — Asian shares have been mostly lower following losses on Wall Street, and oil prices have pared earlier gains on the intensifying Iran war, falling back to around $108 per barrel after briefly surging to about $119 a barrel on Thursday. U.S. futures are higher. Japan’s Nikkei 225 is closed on Friday on a holiday. The war in Iran, which is in its third week, has sent oil and gas prices soaring and is fueling global inflation worries. On Thursday, the S&P 500 was down 0.3%. The Dow Jones Industrial Average fell 0.4%. The Nasdaq composite lost 0.3%. Gold and silver prices gained, recovering from earlier losses.