Reuters picks up a story that first appeared in the International Oil Daily, an industry newsletter:
Iran is considering switching oil payments from Europe to UAE dirham for the euro.
Part of the move may be to avoid EU sanctions that could freeze euro payments. Part may also have something to do with Iran blowing smoke at the market they way they did a few months ago when they said they were considering dumping the euro for the dollar.
They are probably trying to get back EUR/USD shorts like everyone else…
