PoliticsIran's Oil Minister Mohsen Paknejad Resigns, Acting Minister Appointed
Iran's Oil Minister Mohsen Paknejad resigned on October 5, 2026, with no reason given. Hamid Bovard, CEO of the National Iranian Oil Company, was appointed acting Oil Minister. Paknejad had served since August 2024 amid economic pressures from the ongoing seven-month Iran-U.S. conflict. He previously stated that oil revenues continue to come in, God willing.
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