Iran’s petroleum minister, Mohsen Paknejad, resigned and President Masoud Pezeshkian named Hamid Bovard as caretaker head of the Oil Ministry.
No reason was given for the resignation. Paknejad had held the post since August 2024 and leaves it as the seven-month war between Iran and the United States pressures the country’s economy, according to Reuters, in a text republished by The Hindu. Bovard was managing director of the National Iranian Oil Company (NIOC).