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Iran's Oil Minister Resigns As Exports Dry Up Due To U.S. Blockade And Tehran's Economic Crisis Deepens

As Tehran grapples with an ever-worsening economic crisis, Iran's presidential office confirmed on Sunday that Mohsen Paknejad will be replaced by Hamid Bovard, the CEO of the National Iranian Oil Company.

International Business Times · 6h ago

Iran oil minister resigns, replaced by top executive amid US blockade on Tehran's exports

Iranian Oil Minister Mohsen Paknejad has resigned, with National Iranian Oil Company chief Hamid Bovard appointed as acting minister. The resignation comes as the US intensifies its naval blockade and sanctions targeting Iran’s oil revenues amid the ongoing Middle East war.

The Economic Times · 10h ago

'Iran signed NPT, India did not...situation is very different': Jaishankar highlights distinctions, deepening global energy crises amid West Asia turmoil

External Affairs Minister S Jaishankar said India's non-signatory status under the NPT gives it a different position from Iran, which is an NPT signatory, while stressing that India's immediate concern is the impact of the West Asia conflict on energy and trade. He called for restoring uninterrupted supply and trade…

The Economic Times · 21h ago

US response to Iran's seven-day peace proposal delivered to President Pezeshkian

The United States has officially addressed Iran's seven-day peace initiative amidst escalating tensions between the two nations. Iranian leaders have emphasized their commitment to finding diplomatic solutions, but the US has deemed the proposal insufficient, citing worries about sanctions relief. Analysts suggest reconsidering the order of negotiations might yield better…

The Times of India · Sep 30

Three New Vessels Were Hit In The Strait of Hormuz. Oil Prices Are Climbing Again.

The incidents took place shortly after Iranian media reported that Foreign Minister Abbas Araghchi presented the U.S.'s counterproposal for a 7-day ceasefire to President Masoud Pezeshkian.

International Business Times · Sep 30

Iran indicates it received official US response to its latest offer on ending war

The US has formally responded to Tehran's recent war proposal, challenging Iranian officials amidst ongoing economic sanctions that severely impact the nation. Traders indicate a notable dip in the value of the Iranian rial. Iranian Foreign Minister Abbas Araghchi has initiated dialogues about the conditions for reopening the crucial Strait…

The Economic Times · Sep 30

Donald Trump rejects reports of sanctions relief for Tehran

Iranian President Masoud Pezeshkian stated that Tehran is open to nuclear discussions and diplomatic solutions. He emphasised that Iran will not tolerate bullying or coercion from external forces. US President Donald Trump dismissed claims of offering sanctions relief before addressing the nuclear issue. Both US and Iranian officials are currently…

The Economic Times · Sep 29

Supreme court allows Trump to temporarily resume deporting people to third countries – as it happened

This live blog is now closed.

The Guardian - US · Sep 29

Iran-US war live: Oil prices rise after Trump says he has offered Tehran ‘nothing’ in peace talks

Trump claimed that the US will win its war in Iran ‘very soon’ after fresh peace talks in New York

The Independent UK · Sep 29

Is Mojtaba Khamenei Really Alive? The Bizarre Mystery Behind Iran's 'Invisible' Supreme Leader

Mojtaba Khamenei has remained unseen for months, fuelling questions over his whereabouts as Iran offers new claims about his health and activities.

International Business Times UK · Sep 28