IRGC Says It Is Still Working to Increase Missile Range

The explicit linkage of missile-range work, retaliatory rhetoric and a possible revisit of nuclear policy in a single statement is the signal here: Tehran is keeping escalation options open across conventional and nuclear domains at once. The reference to completing "necessary preparations" if nuclear policy is revisited leaves the threshold ambiguous, which is precisely what makes it market-relevant for regional risk and energy pricing. Whether the nuclear-policy language stays rhetorical or is followed by concrete steps is the open question worth watching.