CoinWorld reports that strategists at the Commonwealth Bank of Australia believe that the US-Iran conflict may end in May rather than the previously expected June. Although the ceasefire has not ended the fighting, analysts see it as a sign of an end. In a report, analysts stated that the reopening of the Strait of Hormuz indicates substantial progress toward a peace agreement. They added that although the plans proposed by the US and Iran seem to be seriously incompatible, the ceasefire suggests that, given that Iran's strategic leverage has not significantly diminished and US allies are still unwilling to provide assistance, the US is tentatively open to compromise. They further noted that the economic consequences of the war are continuing to accumulate, and if negotiations break down due to political constraints, markets will react strongly and negatively.