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War headlines today.
- Majed al-Ansari, a spokesman for Qatar’s Foreign Ministry, says there are no negotiations until Iran/Oman agreement.
- On social media, US President Donald Trump declared the Strait of Hormuz to be “New US Territory.”
- Iran’s Speaker of Parliament, Mohammad Bagher Ghalibaf, responded by calling Trump “delusional.”
- Iran’s FM Araghchi claims that the US is “begging” for negotiations.
- Iran hit a tanker in Hormuz and the Houthis shut Yemen’s Mokha port with similar.
- UAE air defences “detected two ballistic missiles launched from Iran towards the country.
- An Israeli airstrike that the Israeli army claims targeted “Hamas commanders” has killed at least six Palestinians, including a child, west of Gaza City.
Diesel cracks are exploding even higher as crude holds above $90.
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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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