RARE PHOTOS: Mohsen paknejad | Rare Historical Photos

Iran’s oil minister resigns as country’s economic crisis worsens

Departure comes amid large drop in oil receipts, rampant inflation and shrinking economy

The Guardian - UK · 9h ago

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 · 16h 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 · 20h ago

Iran discovers over 7.5 trillion cubic feet of gas reserves as US blockade squeezes energy sector

Iran has discovered more than 7.5 trillion cubic feet (tcf) of natural gas in its southern Fars province, even as months of conflict with the US and Israel have disrupted the country's energy sector.

The Times of India · Aug 23

India, Iran revive energy dialogue as ministers meet on BRICS sidelines

India and Iran are exploring new avenues for energy sector collaboration, as announced by Union Minister Hardeep Singh Puri following a meeting with his Iranian counterpart on the sidelines of the BRICS Energy Ministers’ Meeting. This engagement highlights India's ongoing commitment to bolstering its energy security through strategic partnerships with…

The Economic Times · Jun 25

Iran calls for OPEC to unite against potential US oil sanctions

Iranian president urges members to unite after Trump again initiates ‘maximum pressure’ sanctions campaign.

Al Jazeera · Feb 5, 2025