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Iran conducts all crude oil trade in euro and yen

TEHRAN, April 30 (Reuters) - Iran, the world's fourth-largest oil producer, is conducting all its crude trading in euro and yen, instead of the U.S. dollar, an Iranian official was quoted as saying on Wednesday.


So, maybe a guy shooting his mouth off, or a mistake of some kind. But Google only has 11 articles grouped in this topic and if it's true, it would be an uncomfortably big story. Because unless I'm wrong, that's a war-starter move.

Thanks to [livejournal.com profile] hepkitten for the pointer

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Date: 2008-05-01 12:38 am (UTC)
From: [identity profile] flipzagging.livejournal.com
It isn't good for the USA, but how does going to war solve this problem?

"USE OUR CURRENCY, SMOKING HOLE IN THE GROUND! also produce more oil lololol"

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