Tuesday, May 09, 2006 2:23:16 AM
TEHRAN: Iran's oil ministry took a step toward establishing an oil trading market denominated in euros, rather than the US dollar, by granting a license for the bourse, state-run television reported yesterday.
http://www.gulf-daily-news.com/Story.asp?Article=142830&Sn=BUSI&IssueID=29047
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Iran signs its own death warrant...
Last week, Iran's oil ministry granted a license to establish an Iranian oil bourse on the Gulf island of Kish, an economic free zone, to price and trade oil in the Euro, not in the dollar. This idea – strongly backed by the administration of President Mahmoud Ahmadinejad – may well be the final straw that draws the United States into war against Iran...
http://worldnetdaily.com/news/article.asp?ARTICLE_ID=50100
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