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March 13th, 2012 
FAKE NEWS for the Zionist agenda New York’s main contract, West Texas Intermediate crude for April delivery rose by 56 cents to USD 106.90 per barrel while Brent North Sea crude for April settlement gained 48 cents at $125.82, AFP reported on Tuesday.
Meanwhile, weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) rose to USD 122.87 per barrel last week, the Vienna-based group said Monday.
Global oil prices have continually climbed this year following Iran’s move to cut oil sales to British and French firms. Tehran also announced it may as well halt oil exports to more European countries.
The decision by Iran came in response to the EU’s oil sanctions against the country.
EU foreign ministers approved sanctions against Iran on January 23, including a ban on Iranian oil imports, a freeze on the assets of the country’s Central Bank within EU states and a ban on selling diamonds, gold, and other precious metals to Tehran.
The EU measures are aimed at putting pressure on Tehran over its nuclear energy program based on allegations that Iran is seeking to weaponize its nuclear energy work.
Iran rejects the allegations, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty and member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.
YH/AZ/IS
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