Iran's Deputy UN Envoy says Iran seeks neither escalation nor confrontation; warns that any form of aggression, whether direct or indirect, will prompt a strong and lawful response

Iran's Deputy UN Envoy says Iran seeks neither escalation nor confrontation; warns that any form of aggression, whether direct or indirect, will prompt a strong and lawful response.

Iran's statement indicates a desire to avoid escalating tensions while simultaneously asserting a strong stance against any perceived aggression. This could signal potential volatility in oil prices and broader commodity markets, as well as impact currency flows, particularly for the USD and JPY, as investors reassess geopolitical risks. Given the interconnected nature of these markets, traders should monitor how this rhetoric affects sentiment across affected assets.