War headlines today.
- Another ship on fire in Hormuz.
- Iran seeks peace with Mecca partners.
- IDF chief resists Netanyahu’s order to attack Iran.
Dated Brent is still climbing.
Diesel shock forever now
David Llewellyn-Smith
Tuesday 27 October 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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