According to Madison Cartwright, an analyst at Australian Federal Bank, U.S.-Iran negotiations remain fragile despite recent diplomatic momentum. In a research report, Cartwright stated that while there is potential for an agreement to reopen the Strait of Hormuz, key details remain unclear. The analyst noted that both sides have recently experienced minor military clashes.
Cartwright highlighted unresolved questions about the transit arrangement, including insurance requirements for ships and potential Iranian toll fees. However, the analyst suggested the U.S. has limited incentive to resume hostilities, having shown willingness to make concessions while maintaining economic and political pressure.