Iran Oil Minister Resigns as U.S. Blockade Chokes Crude Exports
Iran’s oil minister Mohsen Paknejad has resigned as the U.S. blockade pushes the country’s crude exports and oil revenues toward zero. President Masoud Pezeshkian accepted the resignation on Sunday and handed control of the National Iranian Oil Company to its head.
Original · OilPrice.com AI summary of public reporting
Why: U.S. blockade cuts Iran crude exports → tighter global supply
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At publication → CurrentBRENTOIL100.64 → 102.22+1.6%
CL89.93 → 91.14+1.3%