How’s that peace deal treatin’ ya?

Wednesday 27 May 2026

U.S. forces strike vessels near Bandar Abbas, Iran hits U.S. aircraft. Iran sends top delegation to Doha. Iranian media: $24B in frozen assets must be released as part of deal.

Secretary of State Marco Rubio says Iran deal could take “a few days.” Iran says it will not charge tolls in Hormuz. President Donald Trump demands countries in Iran negotiations sign Abraham Accords.

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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.