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Today’s war headlines.
- Iran should “put up the white flag of surrender,” according to US President Donald Trump, since the two countries’ memorandum of understanding (MoU) ended on Monday.
- Trump threatens to bomb ally Oman.
- Iran’s Foreign Ministry spokesperson, Esmaeil Baghaei, stated in a speech in Tehran that the MoU deadline was “entirely moot” due to “gross” US violations and that Iran’s military are prepared to retaliate in the event of an assault.
- Iran’s defensive posture is about to change to an offensive one under a new “maximum deterrence” doctrine, according to Brigadier General Yadollah Javani, senior commander of the Islamic Revolutionary Guard Corps (IRGC).
- Houthis attacked what they described as a Saudi military ship and four escort vessels in the Red Sea with missiles.
- Hamas called on the Board of Peace to “compel” Israel to embrace the Gaza peace proposal.
Brent is approaching a breakout.
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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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