Iranian TV is saying that by pressing for the oil embargo the West is shooting itself in the foot - it is hard to see how this is not the case.

'US headed for dollar crisis'

Press TV

Gas prices are on a rising trend following the Western sanctions against Iran and Tehran's decision to stop oil sales to some EU states.

Press TV has interviewed Max Keiser, journalist and broadcaster in Paris about the impact of the sanctions on oil and gas prices and the US dollar and economy.

The following is analysis of the situations surrounding the oil embargo against Iran and oil prices - a panel discussion - from Press TV

Pain at Pump - News Analysis

European Union Foreign Ministers have met in Brussels to make sure that the latest oil sanctions against Iran will be imposed in July. However, as the EU and the US go forward with trying to punish Iran, they are also shooting themselves in the foot. Oil prices continue to rise as Iran has cut off sending supplies to some European countries after they agreed to implement the sanctions.