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Iran Tries to Kill Petro-Dollars But They Know Not What They Do

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Iran has begun to sell oil, but in euros. They think this is some sort of blow to the USA, but in fact, they are taking on the currency risk of the euro. This could be interesting for when the euro resumes its decline they will actually be undercutting everyone else who is pricing in dollars. This could make the markets very interesting as we move ahead.