- Iran: Eight Prisoners Hanged on Drug Charges
- Daughter of late Iranian president jailed for ‘spreading lies’ - IRAN: Annual report on the death penalty 2016 - Taheri Facing the Death Penalty Again - Dedicated team seeking return of missing agent in Iran - Iran Arrests 2, Seizes Bibles During Catholic Crackdown
- Trump to welcome Netanyahu as Palestinians fear U.S. shift
- Details of Iran nuclear deal still secret as US-Tehran relations unravel - Will Trump's Next Iran Sanctions Target China's Banks? - Don’t ‘tear up’ the Iran deal. Let it fail on its own. - Iran Has Changed, But For The Worse - Iran nuclear deal ‘on life support,’ Priebus says
- Female Activist Criticizes Rouhani’s Failure to Protect Citizens
- Iran’s 1st female bodybuilder tells her story - Iranian lady becomes a Dollar Millionaire on Valentine’s Day - Two women arrested after being filmed riding motorbike in Iran - 43,000 Cases of Child Marriage in Iran - Woman Investigating Clinton Foundation Child Trafficking KILLED!
- Senior Senators, ex-US officials urge firm policy on Iran
- In backing Syria's Assad, Russia looks to outdo Iran - Six out of 10 People in France ‘Don’t Feel Safe Anywhere’ - The liberal narrative is in denial about Iran - Netanyahu urges Putin to block Iranian power corridor - Iran Poses ‘Greatest Long Term Threat’ To Mid-East Security |
Monday 05 March 2012Oil up on Iran fears; growth worry limits gain
(Reuters) - Oil prices rose on Monday in tug-of-war trading as supply risks and tensions over Iran's nuclear program provided support, but concerns about economic growth in China and the United States limited gains. The potential for supply disruptions due to Iran's row with the West over Tehran's nuclear ambitions continued to bolster oil prices as U.S. President Barack Obama met Israeli Prime Minister Benjamin Netanyahu in Washington, hoping to convince Israel to give sanctions against Iran more time. "The geopolitical risk factor is putting a floor under (the price)," said Michael Hewson, senior market analyst at CMC. Intensified sanctions, including a European Union ban on importing Iranian oil slated for July, along with Iran's threats to shut the Strait of Hormuz shipping lane have helped push Brent crude prices up 15 percent in 2012. Brent April crude rose 46 cents to $124.11 a barrel as of 1:45 p.m. EST, after falling to $122.66 and testing below the 10-day moving average of $123.62. U.S. April crude was up 5 cents at $106.75 a barrel, having dropped to $105.50 and reached $107.42, a penny under front-month U.S. crude's 10-day moving average. Crude futures trading volumes were tepid, with Brent and U.S. turnover substantially below 30-day averages. The United Nations' International Atomic Energy Agency said Iran had tripled its monthly production of higher-grade enriched uranium. The IAEA chief said the agency had "serious concerns" about possible military dimensions to Tehran's activities. An explosion hit the gas pipeline between Egypt, Israel and Jordan in Northern Sinai on Monday, witnesses and state TV said. Another supportive supply concern came from Canada, where Syncrude Canada Ltd shut a coker unit following a Friday fire, reducing production at the 350,000-barrels-per-day oil sands project by nearly a third. |