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The announcement by Washington to end all the US sanctions waivers by May end weighed heavy on the market on Tuesday with oil prices jumping to near 2019 highs. This US strategy will bring the importers of Tehran crude under pressure. Amidst this commotion in the market, Brent soared as high as $74.40 per barrel, increasing 0.5%. WTI touched the highest since October 2018 after reaching $65.95 per barrel.
