EconomyIran’s oil minister resigns as economic crisis worsens

Iran’s oil minister, Mohsen Paknejad, has resigned as the country faces an 85% inflation rate, falling oil receipts, economic contraction and a sharp decline in the rial. The departure follows allegations that an intermediary trust handling overseas oil revenues owed nearly $2bn to the state-owned National Iranian Oil Company.

Iran economyoil revenuesinflationministerial resignation

TThe Guardian★★★★☆2026-10-05 14:16Original