Iran warns US of 'all-out war'
Analysis based on 15 articles · First reported Jan 17, 2026 · Last updated Jan 19, 2026
The escalating rhetoric between Iran and the United States, including threats of 'all-out war' and calls for leadership change, significantly increases geopolitical risk. This could lead to higher oil prices due to supply concerns from the Middle East and negatively impact global market stability, particularly for industries reliant on stable international relations and energy costs.
Iranian President Masoud Pezeshkian issued a severe warning that any attack on Supreme Leader Ali Khamenei would be considered a declaration of 'all-out war' against Iran. This statement followed U.S. President Donald Trump's remarks calling for new leadership in Iran and criticizing Ali Khamenei's rule. Masoud Pezeshkian also attributed Iran's economic hardships to 'inhumane sanctions' imposed by the United States and its allies. Ali Khamenei, in turn, labeled Donald Trump a 'criminal' and held him responsible for casualties during recent domestic unrest in Iran. The Human Rights Activists in Iran reported a significant death toll and numerous arrests during these protests, which were driven by public anger over political repression, economic hardship, and human rights abuses. Relations between Iran and the United States remain highly strained, characterized by a 'maximum pressure' policy and frequent verbal confrontations.
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