On December 26, 2005, in a commentary "Cassandra warns: Venezuela, Beware of the Ides of March", I explained the following:

"On March 20, 2006, Iran, Nation No. 1 on the current Yankee hit list of the Axis of Evil, which finds itself just next to or before Venezuela, is scheduled to begin trading oil for Petroeuros on its own 'newly minted' Iranian Oil Bourse [IOB]."
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