Iran Oil Minister Mohsen Paknejad resigns: State media
President Masoud Pezeshkian accepted the resignation after months of pressure on oil revenues, and Hamid Bovard was named acting minister, state media said.
- 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.
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153 Articles
Iranian oil minister Paknejad has resigned.
Iran oil minister resigns, replaced by top executive amid US blockade on Tehran’s exports - The Tribune
Iranian Oil Minister Mohsen Paknejad resigned amid a crippling US oil blockade and Middle East war. National Iranian Oil Company chief Hamid Bovard was appointed acting minister as Washington intensifies economic pressure to cut off Tehran's energy revenues.
Iran's oil minister resigns, acting minister named
Tehran: Iran’s Petroleum Minister Mohsen Paknejad has resigned from his position, an Iranian presidential aide announced. In a post on social media platform X on Sunday, October 4, Seyyed Mehdi Tabatabaei, deputy for communications at the Iranian president’s office, said Paknejad’s resignation was accepted by President Masoud Pezeshkian. Speaking to state-run IRIB TV on Sunday, … Get the latest updates in Hyderabad City News, Technology, Enterta…
Iran's Oil Minister Resigns As Exports Dry Up. The Country Is Now Facing An Economic Crisis Of Huge Proportions.
As Tehran grapples with an ever-worsening economic crisis, Iran's presidential office confirmed on Sunday that Mohsen Paknejad will be replaced by Hamid Bovard, the CEO of the National Iranian Oil Company.
The Hindu Business Line
LatestlyIran oil minister resigns, replaced by top executive amid US blockade on Tehran’s exports
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