Oil falls more than 5% and world shares gain over possible de-escalation of Iran war

HONG KONG (AP) — Oil prices fell more than 5% and world shares gained on Wednesday over the possibility of a de-escalation of the Iran war and negotiations between the United States and Iran. U.S. futures were up 0.9%.

In early European trading, Britain’s FTSE 100 rose 1% to 10,072.60. France’s CAC 40 was up 1.4% to 7,855.31, while Germany’s DAX was 1.6% higher at 22,989.80.

Tokyo’s Nikkei 225 was up 2.9% to 53,749.62. South Korea’s Kospi gained 1.6% to 5,642.21.

Hong Kong’s Hang Seng rose 1.1% to 25,335.95...