Oil hits 2019 high on US plan to tighten squeeze on Iran | World News, The Indian Express

Oil hits 2019 high on US plan to tighten squeeze on Iran | World News, The Indian Express

By Reuters |London |Published: April 22, 2019 3:04:30 pm

Oil hits 2019 high on US plan to tighten squeeze on Iran

The United States is expected to say later on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation said, confirming an earlier Washington Post report.

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi/File Photo/File Photo

Oil topped $74 a barrel on Monday, the highest since November, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies.