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War headlines today.
- Iran bombs VLCC in Hormuz. On fire.
- Houthis rain hell on Saudi Arabia.
- Third US carrier, USS Theodore Roosevelt, headed for Iran.
- Netanyahu/Trump blame Iran for hijack.
There has been a slight easing in US fuel prices but we are still at noeblees levels with crazy 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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