Australian LNGAustralian Politics

Now the ships are sinking in Hormuz

David Llewellyn-Smith
Thursday 15 October 2026
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War headlines today.

  • Two ships sink in Hormuz as attacks continue by mine and missile.
  • IRGC claims it attacks 5-6 ships per night.
  • Ukraine bombs two more refineries.

Brent held overnight, but it has a bullish ascending triangle as it fills the big gap up.

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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.