Europe to ditch petrodollar for Iran deals

The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions.

AGR Daily 60 Second News Bites

The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source claimed.
Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has pledged to re-impose sanctions against the Islamic Republic.

“I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran,” the source told the agency.

Earlier this week, EU foreign policy chief Federica Mogherini said that the foreign ministers of the UK, France, Germany, and Iran had agreed to work out practical solutions in response to Washington’s move in the next few weeks. The bloc is reportedly planning to maintain and deepen economic ties with Iran, including in the area of oil and gas supplies.

via EnNews 

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8 thoughts on “Europe to ditch petrodollar for Iran deals

      • Well, we wont invade right away. We’ll impose sanctions. Finance internal political foes. Demonize elected government heads. I dont know what we’ll do about the Queen. Flood Europe with moderate terrorists. Foment a few coups. Drought them out with weather warfare. Impose crippling sanctions. Carpet bomb. Drone. Send in Blackwater mercenaries and CIA. And if that doesnt work then we’ll invade.

        Liked by 1 person

  1. Pingback: Uh oh. Looks like we’ll be invading Europe | Aisle C

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