Monday, 10 December 2007

Oil Wars: A Deafening Silence

This morning there is a total absence in the mainstream press of any mention of the comments of Iran's oil minister, Gholam Hussein Nozari, on Saturday, that henceforth Iran will no longer be accepting payments in US dollars for its oil.

Nozari, declaring that the dollar is "no longer considered a trustworthy currency", has effectively thrown the gauntlet down to Washington in a move which, when tried four years ago by Saddam Hussein, led directly to the USA's preemptive attack and illegal invasion of Iraq.

In a further move which will doubtless up the ante, Iran also signed an oil deal worth an estimated $2bn (current value) with China on Sunday, sending clear signals that those following the USA's policy of sanctions are likely to miss out on significant deals.

Manuscripts Don't Burn considers the time more than ripe for a pretext appearing for a US or Israeli preemptive strike on Iran. This weekend has seen two significant events stepping up the pressure on the US to act - will our media even see fit to report that the Iranian's are no longer trading their oil in US dollars? Are they independent enough to report the actual news, rather than just the official line?

Time will tell.

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