Iran's Oil Minister Resigns Amid U.S. Blockade

Iran’s Oil Minister Mohsen Paknejad resigned, and President Masoud Pezeshkian appointed NIOC chief Hamid Bovard as acting oil minister. The U.S. is trying to cut off Iran’s oil exports, and Bovard, who is under U.S. sanctions, now takes over.

Why it matters. The change affects Iran’s oil production and export capabilities, impacting its economy and international relations.