Paknejad Out: Iran's Oil Minister Resigns Amid US Sanctions Pressure

Iran's oil minister, Mohsen Paknejad, has resigned from his position. The news was announced by President Masoud Pezeshkian after accepting Paknejad's resignation. This move comes as Iran's oil sector continues to face pressure from United States sanctions.

Paknejad's resignation has led to the appointment of Hamid Bovard, chief executive of the National Iranian Oil Company, as acting oil minister. Bovard is now responsible for overseeing the country's oil operations.