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Iran Oil Minister Resigns Amid Severe Economic Crisis

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Story summary
  • Oil minister Mohsen Paknejad resigned on Sunday.
  • National security adviser Mohsen Rezaei warned Iran’s economy is in severe crisis after more than seven months of war.
  • U.S. sanctions and a naval blockade have halted most oil exports, cutting Iran’s main revenue and sparking a fuel shortage.
  • Government and private workers, including nurses and teachers, quit because salaries no longer cover living costs.