Flash Rust Under Wok Seasoning
It's hard to tell with those lighting conditions, but no it does not look like rust.
It looks like either another layer of (partial) seasoning or the bare steel that has been partially heat tempered: https://upload.wikimedia.org/wikipedia/commons/8/89/Tempering_standards_used_in_blacksmithing.JPG
Rust is a dark burgundy color and red rust in particular will wipe off with a paper towel.
If this happens to be red rust, you can just clean it off with soap and a sponge and season over it.