Iran Military Warns War Will Spread If US Acts Again

This is saber-rattling from a state broadcaster, not a policy shift, so its value lies in the explicit framing that escalation would outrun Washington's control — a signal aimed as much at domestic and regional audiences as at the US. The practical read-through is for oil and shipping exposure in the Gulf, where rhetoric of this kind tends to move risk premia before any confirmed action. Whether the warning remains rhetorical or is matched by visible military signaling is the open question worth watching.