PANews reported on April 8th that, according to Jinshi, strategists at the Commonwealth Bank of Australia believe the US-Iran conflict may end in May, rather than the previously expected June. Although the ceasefire does not end the fighting, analysts see it as the beginning of an end. In a report, the analyst stated that the reopening of the Strait of Hormuz indicates substantial progress towards a peace agreement. He added that although the plans proposed by the US and Iran appear seriously incompatible, reaching a ceasefire suggests that the US is tentatively open to compromise, given that Iran's strategic leverage has not significantly decreased and US allies remain unwilling to provide assistance. He added that the economic consequences of the war are continuing to accumulate, and if negotiations break down due to political constraints, the market will react strongly negatively.