- Iran's oil minister Mohsen Paknejad resigned amid allegations that an intermediary trust selling Iranian oil abroad owed millions of dollars in export receipts to the state.
- The resignation comes as Iran faces a dire economic situation, including a large drop in oil receipts, rampant inflation and a shrinking economy.
- Tehran's mayor promised to freeze the price of 12 basic items for six months as inflation pressures households.
Quotes
“Iran’s oil minister has resigned days after allegations that an intermediary trust selling Iranian oil abroad owed millions of dollars’ worth of export receipts to the state.”
“Mohsen Paknejad’s departure comes as Iran grapples with a dire economic situation”