Press TV reported that oil prices have jumped in the Asian markets amid speculations over a possible Israeli military attack on Iran to stop the Islamic Republic’s nuclear energy program. New York's main contract, light sweet crude for delivery in September gained 23 cents to USD 92.96 per barrel. Brent North Sea crude for September advanced 2 cents to USD 113.62. This comes as analysts at the Singapore based Phillip Futures trading company have said that oil prices would remain high due to concerns about tightening supply from the North Sea and tensions in the Middle East. North Sea crude supply is set to be curtailed in September primarily by the shutdown of an oil field for scheduled maintenance. Moreover, speculation is mounting in the Israeli press about a possible attack against Iran. The UN Security Council under pressure from Washington has imposed four rounds of sanctions against Iran. The United States and the European Union have also adopted unilateral measures against the Islamic Republic in an effort to stop Iran's nuclear energy program. Many prominent international lawyers including Franklin Lamb and Francis Boyle contend that Iran is entitled to file a lawsuit with the International Court of Justice against the US, France, the UK and their allies on behalf of all Iranian citizens being harmed by the illegal sanctions.

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