24 Hrs
Source:
هبة بريس
Iran's Oil Minister resigns during fuel crisis
The Iranian presidency announces the acceptance of Oil Minister Mohsen Bakhshi's resignation and the appointment of Hamid Bourd as acting minister. This comes amid challenging economic conditions pressing on Iran due to American sanctions and reduced oil exports, especially through the Strait of Hormuz. The situation coincides with ongoing fuel shortages and increasing queues at gas stations, while reports indicate a decline in oil revenues as a result of U.S. restrictions on oil exports. U.S. officials also confirm that no Iranian oil shipments by sea are expected to occur this week.
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