Iran's oil minister resigns, replaced by an oil executive
Iran's Oil Minister Mohsen Paknejad resigned for personal reasons in August 2024, following a period of deepening economic damage from U.S.-Iran conflict.
- Iran's Oil Minister Mohsen Paknejad resigned for personal reasons, accepted by President Masoud Pezeshkian, after serving since August 2024.
- The United States has imposed a blockade on Tehran's oil exports, with the Strait of Hormuz heavily restricted since US and Israeli attacks in late February.
- Hamid Boverd, General Manager of NIOC, was appointed acting Oil Minister following Paknejad's resignation.
Outlets: Al-Monitor, Business Recorder, Deutschlandfunk, Diken, Free Malaysia Today, Le Parisien, Mediapool.bg, N1 Slovenija, The Hindu (International)
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