Everybody hates the Houthis

Wednesday 14 October 2026

War headlines today.

Houthis continue bombardment of Saudi pansy.
US, UK, and the Mecca Agreement all threaten the Houthis and do nothing.
Another tanker hit in Hormuz.
Ukraine says no to the energy deal.

Everybody hates the Houthis, but nobody is willing to do anything about it. They have not blocked Bab al-Mandeb, so why bother? MBS be damned.

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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.