Iran’s Oil ​Minister Mohsen Paknejad has resigned ‌and Hamid Bovard, chief ​executive of the government-owned ⁠National Iranian Oil Company, will be in charge of the ‌Ministry as acting Minister, state media ‌said on Sunday (October 5, 2026), without ‌providing ⁠a reason for ⁠the resignation.

Mohsen Paknejad has been the Oil Minister of the ​OPEC member country ‌since August 2024 and resigns as the seven-month war between Iran and ‌the U.S. puts pressure ​on the country’s economy.

“With acceptance of ⁠Mohsen Paknejad’s resignation by Dr. Pezeshkian [the country’s president], Hamid ‌Bovard has been appointed as acting oil minister”, state media cited an official at the President’s office as saying.

Mr. Paknejad ‌was cited by state media, ​ahead of the news of his resignation, ⁠as saying “revenues of the oil ⁠that we have sold are still coming ‌and that will continue God willing”.