IG Group Chief Market Analyst Chris Beauchamp noted that financial markets appear to be pricing in expectations of an end to the US-Iran war, which is driving oil prices lower. However, he warned that the US military's force posture in the region remains at February levels, meaning the US still maintains a high probability of launching another major military strike against Iran in the future. Nevertheless, given low US ammunition stockpiles, it is not expected to evolve into a protracted conflict.