Asian shares decline and oil prices up more than $1 after US strikes on Iran

Asian shares declined after the U.S. military said it conducted defensive strikes against Iran, shooting down four drones near the Strait of Hormuz and hitting a ground-control station in Bandar Abbas that was about to launch a fifth drone. Brent crude climbed to $94.82 a barrel, up $2.57, while U.S. crude rose to $91.33 as tensions persisted, reversing a prior sharp drop. In early trading, Japan’s Nikkei 225 slipped 0.4% to 64,711.12, Korea’s Kospi fell 0.4% to 8,192.66, Hong Kong’s Hang Seng shed 1.4% to 24,983.64, and Shanghai edged up 0.1% to 4,098.10. U.S. stock futures also moved lower amid mixed signals on a potential Iran deal.