Iran’s Oil Minister Resigns as U.S. Blockade Chokes Crude Exports

Iran’s oil minister has resigned as the U.S. blockade pushes the country’s crude exports and oil revenues toward zero, handing control of Iran’s most important industry to the head of the National Iranian Oil Company. President Masoud Pezeshkian accepted Mohsen Paknejad’s resignation on Sunday and appointed NIOC chief Hamid Bovard as acting oil minister, according to Reuters. The president’s office said Paknejad had asked to resign for personal reasons “a long time ago” and Pezeshkian had previously rejected…