Iran may stop dollar oil sales

Iran's central bank governor said Tehran had plans to end the sale of its oil in dollars completely. This is part of a move to protect the Islamic Republic from mounting US pressure.

http://www.tradearabia.com/news/newsdetails.asp?Sn=ECO&artid=121120


From Information Clearing House

--------

Crude Jolt for US as Iran Scraps Oil Trade in Dollar

The Economic Times reports: "With Iran, the world's fourth-largest oil producer, shifting its crude trading to the euro and the yen, instead of the US dollar, treasury managers feel that this could well be the first challenge to the US dollar's dominance as currency of global trade."

http://www.truthout.org/docs_2006/050908E.shtml

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