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.
146 Articles
146 Articles
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…
The Hindu Business Line
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Iranian Oil Minister Mohsen Paknejad resigned, despite being rejected by Iranian President Masoud Pezeshkian.
The Iranian president's office announced the resignation of Oil Minister Mohsen Paknejjad, as long lines have formed at gas stations across the country since the start of the Middle East war. "Following the acceptance of Mohsen Paknejjad's resignation, Hamid Bord, director general of the National Iranian Oil Company, was appointed acting oil minister by presidential decree," Masoud Pezheskian's office said in a statement carried by state-run IRI…
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