The U.S.-Iran war could end in May rather than June as previously expected, Commonwealth Bank of Australia’s Madison Cartwright says. He notes that while a cease-fire would not end the conflict, it may mark the beginning of a potential resolution. The reopening of the Strait of Hormuz suggests real progress toward a peace deal, he says, adding that the U.S. appears tentatively open to compromise despite fundamentally incompatible proposals and limited reduction in Iran’s leverage, alongside relu

The U.S.-Iran war could end in May rather than June as previously expected, Commonwealth Bank of Australia’s Madison Cartwright says. He notes that while a cease-fire would not end the conflict, it may mark the beginning of a potential resolution. The reopening of the Strait of Hormuz suggests real progress toward a peace deal, he says, adding that the U.S. appears tentatively open to compromise despite fundamentally incompatible proposals and limited reduction in Iran’s leverage, alongside reluctant support from allies. He warns that economic costs are still rising and markets could react sharply if talks collapse due to political constraints.