Traders assign an 85% probability to no meeting occurring because the eight-day window leaves little room for an unscheduled high-level encounter, and Putin’s immediate schedule centers on domestic and regional priorities such as Pacific Fleet activities rather than Iranian diplomacy. Ongoing Russia-Iran cooperation continues through lower-level channels and sanctions-evasion efforts, yet no announcements or credible reports point to a Kremlin visit or summit before month-end. Historical patterns show such bilateral contacts are typically planned weeks ahead, and the absence of recent catalysts or statements from either side reinforces the market’s assessment that a last-minute arrangement is improbable.