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The Dropsite wrap.
President Donald Trump says U.S.-Iran talks will resume Monday; Tehran says no negotiations underway. Iran strikes Kuwait. NYT: U.S. dropped a 2,000-pound bomb on family in Qeshm. Iran says it is near agreement for Hormuz control. Saudi Crown Prince notes Saudi concern about strikes on call with Trump. Iran says several U.S. allies will not participate in future U.S. strikes. Ansarallah will not charge for Bab Al-Mandab transit, officials say. Two Saudi oil tankers transit Bab Al-Mandab despite Ansarallah blockade. Israel kills 34 Palestinians, wounds 134 since Gaza deal announcement.
More from Professor Pape, who sees:
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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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