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Today’s Iran war headlines.
- Mohammad Bagher Ghalibaf, the speaker of Iran’s parliament and chief negotiator, claims that the US is looking for a “honourable exit” from the Middle East and is promoting a “new regional order.”
- UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan and US Secretary of State Marco Rubio have discussed important regional security issues.
- A politician from Iran claims that the Strait of Hormuz proposal being discussed with Oman would give the nation’s armed forces sovereignty over the waterway.
- While insisting that the US naval blockade is still in place and that mines in the Strait of Hormuz have been removed, US President Donald Trump claims that no talks are planned or occurring with Iran.
- At least ten Palestinians have died as a result of Israeli attacks on Gaza City and Nuseirat today.
- Houthis claim a new bombing of Aramco’s Jazan refinery.
The weekly US SPR draw is accelerating after the MOU window. Wider accumulations suggest the post-MOU crunch is not yet here.
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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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