Iran Oil Minister Mohsen Paknejad resigns: State media
State media said the change comes as US sanctions and a naval blockade squeeze oil exports and government revenue.
- On Sunday, October 4, 2026, Iranian Oil Minister Mohsen Paknejad resigned, and President Masoud Pezeshkian appointed National Iranian Oil Company CEO Hamid Bovard as acting oil minister.
- Serving since August 2024, Paknejad departed as the seven-month war between Iran and the United States strains the national economy.
- Shortly before his resignation, Paknejad said, "revenues of the oil that we have sold are still coming." Mehdi Tabatabaei, communications deputy in the president's office, stated Paknejad resigned for "personal reasons."
- President Pezeshkian accepted the resignation, with state media citing an official confirming that Bovard has been appointed as acting oil minister to maintain operational stability.
- Iran faces intense pressure from United States sanctions and a naval blockade, demanding the United States lift sanctions as part of negotiations over reopening the Strait of Hormuz.
79 Articles
79 Articles
The Iranian president's office announced on Sunday the resignation of oil minister Mohsen Paknejad, while the United States imposed a blockade...
The resignation of Iran's oil minister, Mohsen Paknejjad, was announced by the office of the president of Iran. Information indicates that in the midst of an energy crisis, due to the war, there were tensions in the cabinet. The post Iran: Oil minister resigns while Iranians queue at gas stations appeared first on in.gr.
Iranian Oil Minister Mohsen Paknejad has resigned from his post. Hamid Bovard, the chairman of the board of directors of the state-owned National Oil Company of Iran, has been appointed as the interim oil minister.
Iranian oil minister Mohsen Paknejad resigned, and Hamid Bovard, director general of the National Iranian Oil Company, was appointed interim oil minister.
Coverage Details
Bias Distribution
- 48% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
