Iran Ends Oil Transactions In U.S. Dollars, OPEC's Second-Largest Producer Now Pegs Petroleum To Euros And Yen - CBS News

Iran Ends Oil Transactions In U.S. Dollars, OPEC's Second-Largest Producer Now Pegs Petroleum To Euros And Yen - CBS News: "(AP) Iran, OPEC's second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq."