Iran’s president calls for end to war with US

Investing.com -- Iran's President Masoud Pezeshkian called for an end to the war with the United States, challenging hardliners who want to continue fighting.

"It would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory," Pezeshkian said, according to the semi-official Iranian Students' News Agency.

Pezeshkian serves as Iran's top elected leader, but his role is mostly limited to domestic economic policy.

WTI crude oil futures traded roughly flat on Friday, around $87, following his comments.

Pezeshkian, Foreign Minister Abbas Araghchi and lead negotiator Mohammad Bagher Ghalibaf have advocated for ending the war through diplomacy and focusing on economic recovery since a ceasefire collapsed.

US Treasury Secretary Scott Bessent is expected to unveil plans to economically isolate Iran and its trading partners.

The war has increased inflation in Iran and pushed the country's currency to record lows against the dollar.

Some Iranian officials, including members of the military leadership, have argued that Iran is winning and should continue the fight that began in late February when the US and Israel started their bombing campaign.

Iran's Islamic Revolutionary Guard Corps has shifted to an "offensive doctrine," with several military appointments intended to support fighting in "enemy territory," a senior official said last week.

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