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War headlines today.
- A draft bill that would require ships from nations allowed to cross the Strait of Hormuz to pay for services rendered by Iran.
- Any state that joins US sanctions on Iran would be viewed as an adversary, according to Iran’s security head Mohsen Rezaei, and Tehran will attack its interests in return.
- Iran warns vessels using the Omani channel that they will be banned from the Gulf.
- US President Donald Trump has uploaded a map designating the area as “NEW US Territory” on his Truth Social account.
- Yemen spirals towards civil war.
- Israel baits Turkey with Syrian airstrip bombing.
Friday night saw higher Brent and stable cracks:
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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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