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Iran Oil Minister Resigns Amid US War Economic Strain

Guavy AI Editorial Team
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Iran’s Oil Minister Mohsen Paknejad has stepped down from his position, with Hamid Bovard, the CEO of the state-owned National Iranian Oil Company, taking over as acting Minister. No official explanation for the resignation has been provided by Iranian state media.

Paknejad had served as Oil Minister since August 2024. His departure comes amid a seven-month-long war between Iran and the United States, which has exerted significant economic strain on the country.

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