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Iran’s Pezeshkian calls for ending the war as US pressure looms
WTI briefly dipped after the remarks, then recovered, highlighting how Middle East tensions are still feeding into oil-linked risk sentiment.
Iranian President Masoud Pezeshkian said it would be better to end the war now while Iran has “power and dignity,” according to a Bloomberg report cited by FXStreet. The newsletter said his constitutional role is limited to domestic economic policy, even as his comments landed amid a broader conflict that remains unlikely to end soon.
FXStreet reported that US Treasury Secretary Scott Bessent is expected to escalate economic pressure on Iran, with the Middle East situation far from resolution in the near term. It also noted that some Iranian officials, including those close to the Islamic Revolutionary Guard Corps, believe Iran is winning and argue for continuing the fight that began in late February.
The report said oil prices eased from session highs after Pezeshkian’s remarks but recovered quickly, implying traders were still reacting to shifts in perceived risk. FXStreet framed this through a “risk-on” versus “risk-off” lens, describing how investors typically rotate among currencies and assets when geopolitical risk changes.