[FARS]

"Even if Iran wanted to open an "oil bourse" in Tehran, who would want to buy there?"

India, China, former Soviet nations, several Asian countries. Is that enough or do you need some more obvious education in cultures and mind sets other than your own?

[Paul_Denton]

European countries with anti-American governments too.

[Philistone]

China: The Yuan is (artificially) pegged to the Dollar. So they would be committing suicide (or better, unpegging the Yuan from the Dollar which we've been pushing them to do for years).

Russia: Oil minister has already ruled out a switch to Euros.

India: Exports/Imports virtually identical between Europe/US (circa 25% each). They also know who is on their side in the war against Islam.

Other Asian countries: Like whom? Japan? No way.
Indonesia? Who cares.

Oil is a fungible commodity. It will be purchased at the lowest price where ever it is sold all things being equal. It's the all things being equal part which gives the edge to the NYMEX and the LCE.