Russian Foreign Minister Sergey Lavrov is visiting Tehran for talks he described as aimed at preventing a return to large-scale conflict, marking his first trip since the U.S. launched its campaign against Iran eight months ago. Concurrently, Iran maintains its proposal for a seven-day ceasefire and phased reopening of the Strait of Hormuz, which President Trump reportedly rejected last month.
The U.K. Navy reported ten attacks on commercial vessels in the strait last week, with crude oil prices exceeding $105 per barrel following a recent spike.