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  1. 01-24-2012, 10:24 PM #1
    AirborneSapper7
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    Oil-for-gold: Iran to dodge US ban with metal shield?

    Oil-for-gold: Iran to dodge US ban with metal shield? - YouTube



    Jan 24, 2012
    The EU has delivered on its threat to ban the import of crude oil from Iran, in response to its nuclear programme. The latest round of sanctions prohibits any new oil contracts, while allowing for existing deals to run until July. But Tehran is apparently finding ways to keep business pumping. Reports say Iran will keep supplying one of its biggest customers - India - but will get payment in gold instead of dollars.
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  2. 01-24-2012, 10:26 PM #2
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    'Warships real deal, Iran oil ban is propaganda' - YouTube



    Jan 24, 2012
    Iran has apparently found a way to stay in business despite a new EU oil embargo and asset freeze. India is reportedly agreeing to pay Iran in gold for its oil, instead of US dollars. Reports suggest Iran's biggest customer, China, could follow suit. Christoph R. Horstel, a government consultant and political analyst in Potsdam, Germany says he thinks the EU embargo is doomed to fail.
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