Exclusive news and data that keep market professionals aheadMonday, October 5, 2026

Iran oil minister resigns, replaced by top executive

tehran, Oct 5 (UNI) Iranian Oil Minister Mohsen Paknejad has resigned from his post, citing personal reasons, and Hamid Bovard, chief executive of the government-owned National Iranian Oil Company (NIOC), has been appointed as acting oil minister. The development comes as the United States continues to enforce a strict naval blockade on Tehran's petroleum exports. Iranian President Masoud Pezeshkian accepted Paknejad's resignation and appointed NIOC chief Hamid Bovard as acting oil minister, according to a statement broadcast by state media outlet IRIB. State television aired an interview with a spokesperson for the Iranian presidential office, who said Paknejad had previously…

News Details

Words:
102
Type:
TEXT
Slug:
OIL MINISTER RESIGNS IRAN
Source
UNI India
Category
,
Published At
05/10/26 09:04
Last updated
05/10/26 09:04
Location
India