Stories
US Treasury Secretary Scott Bessent Questions Iran Oil Minister's Role Amid Export Freeze
M
Moneycontrol•07-10-2026, 05:53
US Treasury Secretary Scott Bessent Questions Iran Oil Minister's Role Amid Export Freeze
- •US Treasury Secretary Scott Bessent questioned what Iran is managing after claiming the country has not loaded a single barrel of crude onto a vessel since August 25.
- •The remarks follow the resignation of Iranian Oil Minister Mohsen Paknejad and the appointment of Hamid Bovard as acting oil minister.
- •President Donald Trump also highlighted the departure as evidence of mounting economic pressure on Tehran, claiming the former minister cited a collapsed economy and lack of oil.
- •Iranian officials acknowledged facing an intense economic war under US pressure, with the Central Bank Governor insisting Tehran has a plan to withstand the financial squeeze.
Key Questions Answered
Iranian President Masoud Pezeshkian appointed Hamid Bovard, the head of the state-owned National Iranian Oil Company, as acting oil minister after accepting Mohsen Paknejad's resignation.
US Treasury Secretary Scott Bessent questioned what Iran's new oil minister is managing, stating that Tehran has not loaded a single barrel of crude onto a vessel since August 25 amid intensifying US economic pressure.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf criticized the US economy, while Central Bank Governor Abdolnaser Hemmati acknowledged an economic war but stated that Tehran has a plan to withstand the financial squeeze and control its currency market.
