বাংলা | Epaper

বাংলা E-Paper 📍 Dhaka 📅 Monday | 5 October 2026, 20 Ashswin 1433 PID registration number 06

HEADLINE

● Govt approves 15-year concession deal for Ctg Port’s NCT ● No lapses in airport security will be tolerated: Aviation Minister ● Women’s participation vital to strengthening democracy: CEC ● Govt moves to prepare master plans for all dists, city corps: PM ● Meet Gaibandha's 'One-Taka Master' educating children for 50yrs ● RU journalists demand arrest, expulsion over attack ● PM orders specific policy for nationalising private edu instts

Iranian Oil Minister resigns

Published : Monday, 5 October, 2026 at 8:20 AM

Observer Online Report

Collected Photo

Iranian Oil Minister Mohsen Paknejad has announced his resignation citing personal reasons, Reuters reported on Sunday.

Mehdi Tabatabaei, Deputy Head of Communications at the Iranian Presidential Office, confirmed that President Masoud Pezeshkian accepted Paknejad's resignation.

Hamid Bovard, Chief Executive Officer of the state-run National Iranian Oil Company (NIOC), has been appointed as acting Oil Minister to oversee ministry operations. No specific cause was provided for the sudden departure.

Paknejad assumed office in August 2024 to guide oil policy for the key OPEC member nation. His resignation comes after nearly two years in office, amidst heightened international sanctions, domestic energy shortages, and persistent threats to oil exports.

The development comes as a surprise, occurring just hours after Paknejad delivered a televised address asserting that revenue from national oil sales was actively flowing into Iran's economy despite international blockades.

Political analysts suggest that the abrupt leadership change may stem from internal disagreements regarding US sanctions enforcement, supply disruptions, and the security of key oil infrastructure.

-SA

Also read

'US forces fled 1,000 km away from Iranian borders'

Canada ‘wargames’ scenario of potential US military invasion

Wreckage of missing medical plane found in Atlantic

Houthis launch missile attacks on Saudi Arabia

US to deploy additional troops, jets to Israel

US removes all B-1 bombers from RAF Fairford

Trump unveils 'Super Intelligence Force' to oversee AI policy

Bolsonaro beats expectations in Brazil presidential vote

Editor : Iqbal Sobhan Chowdhury

Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, E-mail: [email protected], ‍[email protected] Online: email: [email protected] 41053014; 01550707297 Advertisement: 01550707296

🔝