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Rig Count Falls As U.S. Oil Output Flatlines

Rig Count Falls As U.S. Oil Output Flatlines

WTI crude rose 4.5 percent…

Satellite Images Show Iran has Cleaned Up Traces of Nuclear Weapons Testing

Satellite images obtained by the US research organisation the Institute for Science and International Security (ISIS) seem to show that Iran has been trying to clean up traces of nuclear weapons testing.

The Washington based organisation reported that the images showed that “two small buildings at the same site as the suspected testing chamber have been razed.” There is also evidence of “heavy machinery tracks and extensive earth displacement” which “raise further concerns of Iranian efforts to destroy evidence of alleged past nuclear weaponisation activities.”

The ISIS says that the satellite images were taken on the 25th of May and support other photos taken in April which indicated that clean-up activities had begun at the Parchin military complex.

The International Atomic Energy Agency (IAEA) has been trying to gain access to the Parchin site for some time after Western nations fear that Iran has begun research into atomic weapons. So far Iran has denied access and continues to claim that Parchin is a conventional weapons facility, nothing more.

In order to pressurise Iran into being more open about its nuclear program the US and EU have placed global sanctions on all oil exported from Iran; in response Iran has threatened to close off the Straits of Hormuz and disrupt global oil supplies. The UN Security council, along with Germany, have been trying to negotiate a peaceful end to the situation, and more talks are due to be held in June.

By. Charles Kennedy of Oilprice.com



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  • Mike Brassington on June 04 2012 said:
    Open up free trade agreement with Iran and exchange cheap(er) oil (as per a new conditional eu sanctioned "lower price agreement")and only let Iran trade this oil for goods and not money. This will allow products into Iran and not dollars. Otherwise keep the sanctions on and keep world prices high. So all people from everywhere will benefit, otherwise no one is benefiting! USA Gov't, Oil Companies and Stock holders are benefiting right now, but not the peoples of the world...

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