Wüstite is a complex nonstoichiometric oxide of iron with the general structural formula VI[Fe2+ 1−3xFe3+ 2x−t □x+t]IVFe3+ tO where 0.04 < x < 0.12 and 2.0 < (x + t)/t < 4.5. Wüstites of a given bulk composition exist in a variety of structure types characterized by differing ratios of octahedral to tetrahedral ferric iron and by differing degrees of long‐ and short‐range order of clustered defects. In addition, most, if not all, wüstites have exsolved magnetite or iron lamellae on the scale of several tens of unit cells. Though wüstite is compositionally intermediate between pure FeO and magnetite, wüstite is not structurally intermediate and thus does not represent a solid solution between the two stoichiometric iron oxides. Physical properties of wüstite, including cation diffusion, electrical conductivity, and magnetic properties, are dependent on defect structure type and exsolution, as well as degree of nonstoichiometry. Simple linear relationships between stoichiometry and molar volume or between stoichiometry and bulk modulus, for example, do not obtain. Experimental studies on wüstite should include data on conditions of synthesis, as well as details on the structural state before and also after the experiments.