In These New Times

A new paradigm for a post-imperial world

Why has Iran’s state oil company decided to dump the dollar?

Posted by seumasach on February 10, 2016

Sputnik

10th February, 2016

Tehran has taken revenge on Washington for years of US-driven economic warfare against Iran: the National Iranian Oil Company has announced that Iran will only accept payment in euros, not dollars, for its oil, F. William Engdahl notes, adding that Saddam Hussein had adopted a similar ‘petroeuro’ practice, prompting the US to invade Iraq.

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