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The Iran War is in no danger of ending. It remains my view that Dump cannot handle losing and must always be bigger than yesterday. My ultimate fear is not that the war causes economic strife; it is that Dump uses this to derail midterm elections and effectively rules over a US civil war and martial law state by year-end. RBC with an oil update.
Geopolitics: Cycle of Violence helima.croft@rbccm.com
This week has seen another outbreak of fighting between the US and Iran and declarations from President Trump that the ceasefire is over.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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