Iranian oil minister steps down

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Iran's Oil Minister Mohsen Paknejad resigned on Sunday, October 4, 2026, with the president's office citing ongoing fuel queues amid war and sanctions as a backdrop. Hamid Bord, CEO of the National Iranian Oil Company, has been appointed as acting minister, taking over a portfolio strained by economic pressures.

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Iran's oil minister Mohsen Paknejad has resigned, the president's office said in a statement on Sunday, amid long queues at petrol stations caused by the ongoing war and US sanctions. Paknejad, a member of President Masoud Pezeshkian's cabinet since August 2024, gave no reason for his resignation.

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