Iran's state run television reports that Iran's Oil Ministry has taken a step toward establishing an oil trading market denominated in euros, rather than the US dollar, by granting a license for the bourse.According to Arab News, the report did not mention traders or governments willing to market or purchase products on the exchange, nor did it say when it would open for business.
The broadcast said "Iran has registered an oil bourse on the island of Kish in which oil would be sold in euros."
