Iran takes new Hormuz chokehold

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War headlines today.

  • Iran says Hormuz flows have been choked off in the last few days.
  • Trump says Iran “wiped out”.
  • Houthis strangle Taiz.

Brent is hovering just above $100 a barrel. Dated just under $130 and looking a little ominous.

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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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