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.
98 Articles
98 Articles
Iran's oil minister Mohsen Paknejad has resigned, and Hamid Bovard, general director of the state-owned National Iranian Oil Company, will lead the ministry as an acting minister, state media reported today without giving a reason for the resignation.
Iran’s oil minister Mohsen Paknejad resigned and was replaced by the head of the country’s sector, as reported by the president’s office in a statement this Sunday amid the blockade of Tehran’s crude exports by the United States. “Following the acceptance of Mohsen Paknejad’s resignation, Hamid Bovard – executive director of the Iranian National Oil Company – has been appointed acting minister by presidential decree,” according to the statement …
The Iranian president's office announced on Sunday the resignation of oil minister Mohsen Paknejad, while the United States imposed a blockade...
Iranian Oil Minister Mohsen Paknejjad has resigned, and President Masoud Pezeshkian has accepted it. Hamid Bovard, CEO of the National Iranian Oil Company, has been appointed in his place on an interim basis. “Following the acceptance of Mohsen Paknejjad’s resignation, Hamid Bovard has been appointed acting oil minister by presidential decree,” the presidential office said in a statement carried by state-run IRIB. The reason for the resignation …
Coverage Details
Bias Distribution
- 48% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
