Asian shares slip in thin trade, oil steady on Iran

TOKYO (Reuters) - Asian shares fell on Wednesday in low volume with many market players away for year-end holidays, while oil held on to the previous day's gains on concerns about possible supply disruptions after Iran threatened to stop the flow of oil from the Gulf. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.9 percent, keeping it on track for a 2011 loss of 18 percent, underperforming a 12 percent decline in European shares and a 9 percent drop in world stocks . The pan-Asian index was dragged lower by a 1. ...