1. Oil prices jump after report of U.S. ending Iran sanctions waivers
The Trump administration is preparing to announce an end to waivers from sanctions on Iranian oil imports, The Washington Post reported Sunday. Secretary of State Mike Pompeo reportedly plans to announce Monday morning that, starting May 2, all countries — even U.S. allies — will have to stop buying Iranian crude or face U.S. sanctions. The move comes roughly a year after the Trump administration withdrew the U.S. from the Obama-era Iran nuclear deal, which provided Tehran with sanctions relief in exchange for curbs to its nuclear program. In November, the State Department gave eight countries — China, India, Japan, South Korea, Taiwan, Turkey, Italy, and Greece — 180-day waivers to give them time to find sources to replace Iranian oil. Crude prices jumped 3 percent following reports of the policy change.
2. Huawei says revenue rose 39 percent despite U.S. opposition
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