Iran’s President Pezeshkian Says Iran Cannot Negotiate With US

This is a restatement of a long-standing Iranian position rather than a new diplomatic signal, so its market relevance lies mainly in what it removes: any near-term expectation of a US-Iran negotiating track that could ease sanctions pressure on Iranian oil supply. For energy and macro traders, the takeaway is continuity, not change. The open question is whether this hardens into a firmer posture or remains rhetorical, and whether any third-party mediation channel emerges that the statement does not address.