IRAN'S OIL EXCHANGE TO OPEN NEXT WEEK

For background on this, check out [http://thepete.com/the-real-reason-well-invade-iran/|The Real Reason We'll Invade Iran] and [http://thepete.com/iranian-oil-exchange-postponed/|Iranian Oil Exchange Postponed]. If you already have, then you should know that IRIB (Islamic Republic of Iran Broadcasting) is reporting that the oil exchange is back on track and will open next week. Here's a clip from [http://www.iribnews.ir/Full_en.asp?news_id=212013&n=32|an April 26, 2006 article] at IRIB.com:

Oil Minister Kazem Vaziri Hamaneh said on Wednesday that the establishment of Oil Stock Exchange is in its final stage and the bourse will be launched in Iran in the next week.

He told reporters, upon arrival from Qatar where he attended the 10th General Assembly of International Energy Agency and consultations with OPEC member states, that registration of the Oil Stock Exchange is underway and the entity will operate after being approved by by Council of Stock Exchange.

It might not be a bad idea to take some American dollars and use them to buy some Euros because that's all the Iranian oil exchange will be dealing in...