Iran’s Oil Minister Paknejad Resigns; NIOC CEO Bord Named Acting Minister

Elevating NIOC's chief executive to acting minister keeps Iran's oil machinery under someone already inside the national producer, which matters for continuity of export operations and contract handling at a time when the sector's leadership is unsettled. The signal to watch is whether Bord retains both roles or a permanent minister is named, since that split shapes how much authority the acting office actually carries. Whether the resignation reflects a broader policy shift or a narrower personnel change remains the open question.