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	Reuters GLOBAL MARKETS-Dollar jumps, oil gains as war speculation swirls Wednesday March 12, 9:59 pm ET By Richard Baum SINGAPORE, March 13 (Reuters) - The dollar jumped on Thursday on a report that some Iraqi officials were in surrender talks with the United States, but fears that war may nevertheless be inevitable helped lift oil prices and dampened Asian stocks. Mortgage Expo makes shopping for a loan quick and easy. Compare rates from over 800 lenders and 10,000 loan programs. The dollar surged to two-week highs against the yen and one-week highs versus the euro, with some traders attributing the move to a CNN report on surrender negotiations. "I think those rumours did have some impact, but overall it's unwinding of piled-up positions ahead of a likely war and profit-taking from recent levels," said Junya Tanase, global markets officer at JP Morgan Chase. CNN quoted U.S. officials as saying secret surrender negotiations had begun with key Iraqi military officials in hopes some military units would not fight U.S. and coalition forces should there be a war. The report came as the United States appeared to be closer to winning a majority on the U.N. Security Council for a resolution authorising war. The dollar rose to 118.40 yen, its highest since February 24, compared with about 117.30 in late New York trade. The euro (EUR=) eased to $1.0876 from $1.0995 in late U.S. trade. Oil gained as large declines in U.S. crude and gasoline inventories deepened concerns about supplies ahead of a possible war. U.S. light crude (CLJ3) rose 24 cents to $38.07 per barrel, nearing a 12-year high of $39.99 marked on February 27. "A large decline in U.S. petroleum stocks makes traders worried about supplies. If Iraq oil disappears from the world market, U.S. stocks would fall further," said a Tokyo-based broker.