One of the reasons the USA is eager to find an excuse to annihilate Iran is that Iran has been accepting Euros in payment for oil. Given that Iran’s customers include Europe, Russia and China why shouldn’t Iran accept Euros, rubles, and Renminbi? It could be the beginning of the end of the massive exchange commissions the US gets from having the world’s oil transactions transacted in US dollars. No longer, when the US prints money, would it effectively be able to tax (through inflation) all foreign countries that hold American petrodollars. Without massive foreign global petrodollar holdings, the value of the US dollar would collapse. Recall the Ambassador Glaspie incident when in 1990 the USA tricked Saddam Hussein into giving it a respectable excuse to invade shortly after Iraq started accepting Euros for oil.
~ Roedy (born: 1948-02-04 age: 61)