Australian LNGAustralian Politics

Iran peace fat chance

David Llewellyn-Smith
Wednesday 4 November 2026
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War headlines today.

  • More tankers bombed.
  • Talks still far apart.
  • Israel still deadlocked.
  • Early winds for Dems in midterms.

Here are Iran’s seven conditions.

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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.