Iran says its production of strategic missiles has never stopped, Tasnim reports

The historical pattern is that such rhetoric alone rarely sustains a move in crude; what has repriced energy in past episodes is action touching supply or transit, whether strikes on export infrastructure, tanker harassment, or threats to Gulf shipping lanes where freight and insurance costs transmit first. The distinction worth drawing is between signalling aimed at deterrence and signalling that precedes escalation, with the tell usually being whether the language is accompanied by force posture changes or back-channel deterioration. The pertinent follow-ons are any shift in the state of nuclear or regional talks, movement in tanker rates and war-risk premiums, and whether the statement draws a response from Washington or Gulf capitals. Absent a kinetic or diplomatic follow-through, the precedent is for this category of headline to fade within the session.