Australia’s fuel warning light just went on

Advertisement

In the Persian Gulf, full-scale hostilities have once again resumed, as the ‘Memorandum of Understanding’ aimed at peace has proven completely nonviable.

Amid the renewed conflict, the United States has begun moving large numbers of military assets back into the region, most notably combat aircraft and aerial refuelling tankers.

As the conflict continues to unfold, the recovery in the flow of traffic through the Strait of Hormuz has again collapsed back towards zero.

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
Advertisement