Iran sanctions: US may end waivers to India, others

Global benchmark Brent crude oil futures rose by as much as 3.2 per cent to $74.30 a barrel, the highest since November 1 last year, in early Asian trading on Monday in reaction to expectations of tightening supply. US West Texas Intermediate futures climbed as much as 2.9 per cent to $65.87 a barrel, its highest since October 30.

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