Oil prices hit Nov 2018 highs on report US will end Iran oil sanction waivers [CNBC]
GE Aerospace (GE)
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Source: CNBC
Oil prices hit Nov 2018 highs on report US will end Iran oil sanction waivers Getty Images prices rose by more than 1 percent on Monday to levels not seen since November 2018, driven up by a Washington Post opinion column that said the United States Iranian Brent crude futures U.S. West Texas Intermediate The United States is preparing to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or be subject to U.S. sanctions, Washington Post foreign policy and national security columnist Josh Rogin wrote on Sunday. Reuters was unable to independently verify the report. A State Department spokesman declined to comment. The U.S. reimposed sanctions in November on exports of Iranian oil after President Donald Trump The report comes amid an oil market that is already relatively tight. Secretary of State Mike Pompeo will announce "that, as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Irani
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