Iranian Oil Minister Resigns Amid US Conflict Pressure

Iranian Oil Minister Mohsen Paknejad has stepped down from his position, citing personal reasons. In his final remarks, Paknejad stated that revenues from previously sold oil would continue to flow in, despite the challenges faced by Tehran.

Hamid Bovard, the CEO of the state-owned National Iranian Oil Company, will take over as the acting oil minister. This transition comes at a critical time for Iran, as the country faces growing pressure on its oil exports due to the ongoing conflict with the United States.