Saturday, June 03, 2006

Remember the Iranian Oil Bourse?

It's ba-a-a-ack!
Maybe.



Per Reuters it's back on:

Iranian President Mahmoud Ahmadinejad announced Friday that in July Iran will abandon dollar payments for its oil and natural gas exports in favor of euros.
You will note that they don't exactly say WHEN in July. And it's not like we haven't heard this before.