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War headlines today.
- Three attacks on Hormuz ships overnight.
- Houthis rain missiles on Saudi oil facilities.
- Deal talks continue.
The overnight price of Brent futures was steady at $98. Diesel cracks jumped 4% after weak US inventory data, which is quickly dragging petrol down as well.
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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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