"The Council of Ministers met Sunday evening under the chairmanship of President Mahmoud Ahmadinejad to discuss a recent law passed by the Majlis obliging the government to review its cooperation with IAEA. The cabinet meeting decided the Iran Atomic Energy Organization should halt part of its cooperation with IAEA until Iran's case returns to IAEA from the Security Council and the situation gets back to normal."
The Iranian government decided to limit its cooperation with the International Atomic Energy Agency, a day after the United Nations Security Council voted for new sanctions over Iran's nuclear program, the official IRNA news agency reported Sunday.
"Things are up due to the fundamental situation in Iran as well as a break through and continuation of trading above $2/gallon for NYMEX RBOB futures."
Global crude futures traded at three month highs Monday as tensions in Iran over the country's nuclear program mounted, as well as HYMEX RBOB front-month futures holding steady above the important $2/gallon level, a London-based broker said.
Updated: March 26, 2007
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