Iranian Oil Bourse finally opened in the early hours of October 26th, 2009. The last time it was in the news (initial inaguration in 2008), we had Iranian speed boats threatening our battleships. That and deep sea cable cuts http://pkpolitics.com/2008/02/04/forth-cable-cut-iranian-oil-bourse-sabotaged/
More background from a 2006 article on Global Research site:
"Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse" by William Clark
and lastly and exerpt, "The Iranian government has finally developed the ultimate “nuclear” weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006."