Iranian minister quits, replaced by oil executive
TEHRAN: Iran’s oil minister Mohsen Paknejad has resigned and been replaced by the country’s top oil executive, the president’s office said in a statement on Sunday, amid a blockade on Tehran’s oil exports by the United States. “Following the acceptance of Mohsen Paknejad’s resignation, Hamid Bovard”, the CEO of the National Iranian Oil Company, “has been appointed as acting Minister of Oil by a…
Iranian Minister of Oil Mohsen Paknejad has resigned and been replaced by the country's top oil executive, Hamid Bovard, according to a statement from the president's office. The resignation comes as the United States has blocked Tehran's oil exports in response to Iran's actions at the Strait of Hormuz. Paknejad had initially offered his resignation due to personal issues, but the offer was rejected.
Iranian President Masoud Pezeshkian had initially asked Paknejad to stay in his position, but Paknejad insisted on leaving. Pezeshkian commended Paknejad's efforts and sincere service upon accepting his departure. The Strait of Hormuz is a crucial waterway, with one-fifth of the world's oil and liquefied natural gas passing through it.
Iran has been blocking commercial ships, leading to a counter-blockade by the US, which has blocked Iranian ports to prevent the export of oil.
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