Iran's top general warned the US and Israel against further miscalculations, saying Iranian forces are ready to respond to any new decisions, Press TV reports

Rhetoric of this kind from senior Iranian military figures via state media is a recurring feature of Iran-Israel-US escalation cycles, and the established pattern is that the language alone moves markets only briefly: crude and gold pick up a modest risk premium that tends to fade within sessions unless kinetic action follows. The distinction that has historically mattered is between deterrent signalling, which this reads as, and specific operational threats against shipping or infrastructure; it is the latter that reprices energy durably, through freight and insurance costs in the Gulf and the Strait of Hormuz risk premium embedded in the front of the WTI curve. Press TV is the official mouthpiece, so the framing is calibrated for deterrence and domestic consumption rather than an imminent action signal, and prior episodes of similar warnings have largely resolved without direct state-on-state escalation. The follow-ons worth noting are whether the rhetoric is echoed at the political level, any movement of forces or proxy activity in the region, and the posture of US assets in theatre. Absent a physical disruption to supply, the transmission channel runs through headline-driven haven flows into the dollar and gold rather than through fundamentals, and that flow has historically proven mean-reverting.