Iran prepares “October surpise”

David Llewellyn-Smith

Tuesday 15 September 2026

War headlines today.

IRGC: super carrier ablaze in Hormuz after hitting a mine in Omani channel.
Pakistan: US seeks agreement with Iran.
Saudi seeks more oil flow through Hormuz. It cancelled Iran’s meeting with Gulf states.
Houthis seize more Bab al-Mandeb islands and bomb Saudi Arabia’s King Khalid Air Base.

What is actually true, I cannot say.

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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.