Iran strongly condemned a Ukrainian attack on a commercial vessel in the Caspian Sea, which resulted in the death of one sailor and injury of another. This attack, part of the ongoing Russia-Ukraine conflict, occurred in an area also used for Iran-linked cargo flows to Russia. Tehran framed the strike as a dangerous escalation, highlighting that a civilian maritime target had been targeted. This escalation comes amid military and industrial cooperation between Iran and Russia, with markets pricing a 14.5% likelihood of Strait of Hormuz traffic normalization by August 31.
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