U.S. to announce end to Iran sanctions waivers, oil prices spike

FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told Reuters, triggering about a 3 percent rise in crude prices. The source confirmed a report by a Washington Post columnist […]

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