Iran is now selling 65% of its oil in euros

by Lew Rockwell Iran is now selling 65% of its oil in euros, 20% in yen, and only 15% in dollars, and even that 15% it plans to switch to “more creditworthy currencies” such as the UAE dirham. With the Bush administration threatening fullscale war against Iran almost every day, and taking any number of other warlike steps (sanctions, funding of terrorism, etc.), political reasons are enough to explain this