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TEHRAN, Oct 26 (Reuters) - Iran, OPEC's second-biggest oil producer, launched its international oil exchange on Monday to buy and sell crude, oil products and petrochemical products, Iran's student news agency ISNA reported.
"The international exchange hall of crude, oil products and petrochemical goods of Iran was inaugurated. Our aim is to shift oil market trade focus in the region to the Kish Island," said Economy Minister Shamseddin Hosseini at the inauguration ceremony, ISNA reported.
HOUSTON, LONDON AND SINGAPORE, Oct. 28 /PRNewswire/ -- Saudi Aramco announced today that it will begin using the Argus Sour Crude Index (ASCI) published by Argus Media as the benchmark price for all grades of crude oil sold to US customers. Saudi Aramco has used WTI crude prices published by McGraw Hill's Platts as the benchmark for crude sales to the US since 1994. The new policy will be in effect for January sales to the US.
Originally posted by Emerald The Paradigm
The dollar will NEVER recover, and that's good news.
Let's think logically for a second.
Has the U.S. set a good example for the world? No.
Has Israel set a good example for the middle east? No.
They are both countries backing terrorist activities via illegal invasions and lies.
The CIA lies to cover its own butt, and Israel's motto is "By way of deception thou shalt do war." (Need I say more?)
The dollar needs to be dropped. The New World Order is going to emerge, and peaceful times await us in a short period of time.
These "aggressor" countries need to get their priorities straight because they value money over human life, and they will be punished via economic meltdown.