Iranian President Pezeshkian says Iran does not seek to expand tensions but will act decisively to defend its security, interests and territorial integrity, Al Jazeera reports

Statements of this form from Iranian leadership follow a well-worn template: a de-escalatory first clause paired with a deterrent second clause, and the market content has historically sat in the ratio between the two rather than in either part alone. Rhetoric framed as not seeking wider conflict, while reserving the right to respond, has typically preceded calibrated, telegraphed action rather than uncontrolled escalation, and crude risk premia built on headline exchanges of this kind have tended to fade when no kinetic follow-through materialises within days. The transmission channel for oil is not Iranian rhetoric itself but the physical tail risk: flows through the Strait of Hormuz, attacks on regional energy infrastructure, and the freight, insurance and prompt timespread response that accompanies any actual disruption, which historically has been sharp in the front of the curve and muted further out. Pezeshkian's prior positioning has been comparatively conciliatory within the Iranian system, so the weight of any statement depends on whether the security establishment and the supreme leader's office echo or diverge from it. The follow-ons that matter are military movements or proxy activity rather than further words, any shift in nuclear or sanctions diplomacy, and whether Gulf producers or shipping insurers begin adjusting behaviour. As scripted messaging rather than an operational signal, the read is that the headline alone carries limited information.