Battle of the Hormuz Strait escalates

David Llewellyn-Smith

Tuesday 8 September 2026

War headlines today:

Iran targeted US carrier with hypersonic missile.
Hormuz traffic is down by one-third over the weekend, says Kplr.
Houthis bomb Jizan again.
Iran and Oman ready deal. Will US bomb it?

The White House is losing control of the energy complex again. Cracks and Brent both roared.

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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.