Global Markets: Oil jumps on U.S. plans to tighten Iran sanctions; dollar eases
(WorldNews Iran)

More By Herbert Lash NEW YORK (Reuters) - Crude oil jumped almost 3% on Monday after the United States said it will take more steps to choke off Iranian oil exports, while U.S. equities were mixed as Wall Street braced for corporate results in a busy earnings week. The dollar eased against a basket of currencies in thin holiday-impacted trading as gold held above a near four-month low on support from the weaker greenback. The United States said it will eliminate all waivers that allowed eight countries to buy Iranian oil without facing U.S. sanctions, demanding that the purchases of Iranian oil stop by May 1. The announcement sent oil prices to 2019 highs.Brent crude, the global benchmark,...