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February 29th, 2012 
FAKE NEWS for the Zionist agenda An unnamed government official in the United Arab Emirates said and a source at Noor Islamic Bank said on Wednesday that the bank had halted dealings with Iran, Reuters reported.
The United States, Israel, and some of their allies accuse Tehran of pursuing military objectives in its nuclear energy program. Washington and Tel Aviv have repeatedly threatened Tehran with the “option” of a military strike against its atomic facilities.
The UN Security Council — under pressure from Washington and Tel Aviv — has imposed four rounds of sanctions against Iran. The US and the EU have also adopted unilateral measures against the Islamic Republic in an effort to deter Western investment in Iran’s energy sector.
Iran argues that as a signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency (IAEA), it has every right to develop and acquire nuclear technology for peaceful purposes.
The IAEA has conducted numerous inspections of Iran’s nuclear facilities but has never found any evidence indicating that Tehran’s civilian nuclear program has been diverted to nuclear weapons production.
Last June, the US treasury adopted a law, allowing President Barack Obama to punish foreign banks that carry out financial transactions “for the purchase of petroleum or petroleum products from Iran.”
Furthermore, President Obama on December 31, 2011 signed into law fresh economic sanctions against Iran’s Central Bank in an apparent bid to punish foreign companies and banks that do business with the Iranian financial institution.
The bill requires foreign financial firms to make a choice between doing business with Iran’s Central Bank and oil sector or with the US financial sector.
MP/HGH
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