Commonwealth Bank analyst Madison Cartwright says US-Iran talks remain fragile; diplomatic momentum could reopen Strait of Hormuz but details unclear; recent small skirmishes; insurance levels and Iranian transit fees unresolved; US unlikely to resta

2026-05-27

Commonwealth Bank analyst Madison Cartwright says US-Iran talks remain fragile; diplomatic momentum could reopen Strait of Hormuz but details unclear; recent small skirmishes; insurance levels and Iranian transit fees unresolved; US unlikely to restart hostilities, willing to make concessions while keeping economic and political pressure