Iran’s oil minister resigns as country’s economic crisis worsens
Iran's oil minister announced his resignation as the nation faces a deepening economic crisis. Officials cite sharply falling oil revenues, soaring inflation and a contracting economy as key pressures. The departure underscores the challenges confronting President Ebrahim Raisi's administration, which has struggled to stabilise finances amid international sanctions and domestic discontent, and rising unemployment, while the national currency continues to weaken.