Iran's Acting Oil Minister Says Gas Exchange Deal With Russia Nears Completion

Hamid Bord, Iran's acting oil minister, said on Sunday, October 25, 2026, that the broad terms of a gas exchange with Russia had been settled and that an agreement on the exchange was in its final stages. He said talks on broader oil and gas cooperation continued. He did not announce a signed final contract or the start of gas flows that day.

A gas exchange would concern the countries' energy supply and transmission arrangements, but the published report gives no volume, delivery route, price or start date. His remarks describe progress in negotiations, not completed delivery of gas.