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War headlines today.
- Trump rejects Iran’s 7-day MOU plan.
- Iran bombs ships in Hormuz in response.
- Still talking.
- Houthis fire more missiles at Saudi.
The biggest news was the Trump-Xi summit, which ended with the former demanding China produce more oil products and the latter ignoring the request.
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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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