"Iran has really gone and done it now. No, they havenât sent their first nuclear sub into the Persian Gulf. They are about to launch something much more deadly ��" next week the Iran Bourse will open to trade oil, not in dollars but in Euros.��"Scottish Socialist Voice, issue 264). The Iranian Oil Bourse (OIB) was registered on May 5 this year. The consequences are horrendous: with the dollar no longer the sole currency with which to trade oil, its credibility as the benchmark has weakened gravely and thrown all world currencies into a tailspin" http://www.nation.com.pk/pakistan-n...ine/Opinions/Columns/13-Jul-2008/The-oil-bomb