Strategist: The US-Iran conflict may end in May rather than the previously expected June

ME News report, April 8 (UTC+8). Strategists at the Commonwealth Bank of Australia believe that the U.S.-Iran conflict may end in May rather than the previously expected June. Although the ceasefire has not ended the fighting, analysts view it as the beginning of the end. In a report, analysts said that the reopening of the Strait of Hormuz indicates substantial progress in the peace talks. They added that although the plans proposed by the U.S. and Iran appear to be seriously incompatible, reaching a ceasefire suggests that, given that Iran’s strategic leverage has not significantly decreased and U.S. allies are still unwilling to provide assistance, the U.S. is tentatively open to compromise. They further noted that the war’s economic consequences are continuing to accumulate, and if negotiations break down due to political constraints, markets will react strongly and negatively. (Jin10) (Source: ODAILY)