Bye-bye petro-dollar? Iran wants payment in euros for new and outstanding oil sales

U.S. dollar could be headed for the furnace

General view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf

2/7/16 – Reuters reports that Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month’s sanctions relief. Continue reading “Bye-bye petro-dollar? Iran wants payment in euros for new and outstanding oil sales”