The Iranians moving to a euro or gold basis for oil transactions is not news. They have been threatening to do it for a long time. I wasnt aware they had started to do it though. If so, it WILL lead to war. Its boring, mind numbing economics, but it will take control out of our hands and that, put simply, is not acceptable.
Did it strike anyone watching how many world leaders Bush and his crew have met with in the past two or three weeks. They are all very friendly, short, "how's ya doin'" type meetings. Methinks there is something more in the works than whining about Iraq.
Unfortunately, I think Iraq will be little potatoes in the next six months.