World shares steadied and oil pulled back from multi-month highs on Tuesday after dramatic post-new year moves, as investors judged prospects of an all-out conflict between the United States and Iran had eased. After a strong rally, oil gave back some of its gains amid signs that Iran would be unlikely to strike against the U.S. in a way that would disrupt supplies. [O/R] Brent crude futures fell 49 cents to $68.42 a barrel, having been as high as $70.74 on Monday, while U.S. crude dropped 42 cents to $62.85. European equities meanwhile rose 0.7%, tracking similar gains in Asia. MSCI’s broadest index of Asia-Pacific shares outside Japan recouped almost all of Monday’s losses. Stock futures for the S&P 500 firmed 0.2%. “Geopolitical risk has […]