Iran's Oil Minister Resigns Amid Sanctions Talks

Iran's Oil Minister, Mohsen Paknejad, has stepped down from his position for personal reasons, according to state media reports. Hamid Bovard, the CEO of the National Iranian Oil Company, will take over as acting minister.

The resignation comes at a time when Iran is engaged in talks with the U.S. regarding the lifting of sanctions on its oil sales. The discussions also involve the reopening of the Strait of Hormuz, a critical waterway for global oil transport.