War headlines today.
- Trump says the military phase is “effectively over”.
- Poll: Americans want Dems to end it now.
- Three more tankers on fire in Hormuz.
- Houthis bomb Riyadh, Yanbu pipeline.
Brent and cracks fell again as the big long is flushed.
The ghost of war haunts oil
David Llewellyn-Smith
Wednesday 11 November 2026
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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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