Iran says ready for all-out war as regional tensions escalate

The operative signal is not the readiness rhetoric but the stated judgement that neither Washington nor Israel would act without the other, which frames Iranian deterrence around a joint-attack scenario rather than a unilateral one. That assumption is what makes the "without restraint or limits" commitment credible as signalling rather than as a declared plan. For markets, the relevant channel is regional risk premia rather than any specific asset, since the item names no targets, timelines or economic measures. The open question is whether this public conditioning hardens into a formal mutual-defence reading, or remains a deterrent posture that both sides use to avoid miscalculation.