The threat to commercial vessels in the Persian Gulf remains "heightened", but the most recent escalation of the conflict between the US and Iran has not changed the broader scenario in earnest, says the so-called Joint War Committee, which consists of representatives from marine insurance firms at Lloyd's.

The committee met on Tuesday to assess the threat to British and US ships in particular, after the US killed Iranian Major General Qassem Soleimani and other prominent people from an Iran-backed militia on Friday.