US brushes aside Iran's Nuclear claim; calls it 'mere hype'
On Wednesday, Feb 15, Iranian President Mahmoud Ahmadinejad, while attending a press conference, spoke about the country's nuclear achievements.
Meanwhile, US is pressurising global banks to boot out Iranian banks from a network used to transfer money in a bid to deprive Tehran of funds required to develop nuclear weapons.
World oil prices spiked on Thursday, Feb 16 after reports that Iran would stop its crude exports to six European countries. The claim was, however, denied by the Iranian Oil Ministry.