Thursday, August 7, 2014

Petrodollar Under Threat As Russia And Iran Sign Historic 500,000 Barrel A Day Oil Deal!

Russia Delivers Blow To Petrodollar In Historic $20 Billion Iran Oil Deal
Russia signed a historic $20 billion oil deal with Iran to bypass both western sanctions and the dollar based western monetary system on 8/5/14.

Currency wars are set to escalate as the petro dollar’s decline continues.  

Russian Energy Minister Alexander Novak and his Iranian counterpart Bijan Zanganeh signed a five-year memorandum of understanding in Moscow, which included cooperation in the oil sector.

"Based on Iran's proposal, we will participate in arranging shipments of crude oil, including to the Russian market," Novak was quoted as saying.

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