As America’s midterm elections approach, Indo-Pacific issues have received little campaign attention – a stark contrast to Iran and Ukraine, where conflicts affect global energy prices, influencing debates about inflation and economic security.
The US embargo on Iranian oil is squeezing Tehran’s revenues, as increased Gulf Arab exports help keep oil prices relatively restrained. Donald Trump’s purchase of Russian diesel fuel, contravening America’s own sanctions, has had no downward price impact, but has raised profound moral and political issues.
Gift articles to anyone you choose each month when you subscribe.
