Russian Foreign Minister Sergey Lavrov has dismissed allegations that Moscow is supplying weapons to Iran as "untrue," while simultaneously calling for an end to the conflict in the Strait of Hormuz.
Speaking in Manila, Lavrov argued that certain global powers are actively inciting confrontation to prolong the crisis, framing Russia as a voice for de-escalation rather than escalation.
This diplomatic maneuvering occurs against a backdrop of reported progress in US-Iran negotiations.
The remarks come as markets continue to price in significant route exposure and freight disruption risk.
Brent crude has surged amid intensifying shipping disruptions across the Red Sea and the Strait of Hormuz, reflecting trader anxiety over potential supply bottlenecks.
While Lavrov’s denial aims to cool geopolitical temperatures, the immediate impact on energy flows remains uncertain as shipping operators navigate heightened security concerns.
This diplomatic maneuvering occurs against a backdrop of reported progress in US-Iran negotiations.