As Neil Clark puts it:
"Clinton’s statement is not only bellicose, it’s also extremely deceitful. Iran can’t launch a nuclear strike against Israel for the simple reason that it doesn’t possess nuclear weapons. Nor, as the Joint Intelligence Report concluded, does it have a nuclear weapons programme. Would Iran launch a conventional attack? To do so would be suicidal, knowing that Israel possesses nuclear weapons. The only scenario one could imagine an Iranian attack on Israel occurring is in retaliation to an Israeli pre-emptive strike on Iran's nuclear energy facilities, as leading Israeli politicians have already threatened. And if this sequence of events did happen, then Hillary Clinton believes it would be right for the US to "obliterate" Iran."
See also this, by Richard Silverstein.
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