Iran's Oil Minister Resigns, President Names Replacement

In Iran, the oil minister resigned in October 2026 for personal reasons, according to state media. The president appointed an oil executive as his replacement, with one report describing the role as a caretaker. The resignation comes amid reports of a falling rial, inflation approaching 90 percent, and halted oil shipments in September. Separately, the head of the Iranian Space Agency said the country reached several historic milestones in its space industry.