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Iran Ends Oil Transactions In U.S. Dollars

cbsnews.com — Iran, OPEC's second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday.

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  • geekchic, on 05/02/2008, -0/+1Somehow I doubt the two issues were related though.

    As an aside, Russia seriously considered stopping oil sales in Dollars a couple of years ago as well.
  • YipMan, on 05/02/2008, -0/+1That is before America was 53 trillion in debt.
  • marketmou, on 05/01/2008, -0/+1So did Iraq's Saddam Hussein, and look what happened to him and his country.

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