Many want to see “enormous changes” during the rest of President Donald Trump’s term, analysts say, from the war on Iran to his policies on trade and tariffs. But few expect that to happen, even with the Democrats poised to take the House of Representatives, and potentially the Senate, from Trump’s Republican Party.“Of course, everybody is watching,” said Steven Okun, a trade specialist and the chief executive of APAC Advisors, a Singapore-based consulting firm. “It’s great political theatre.”
Outside the Middle East, no region has been hit harder by the war on Iran than the Asia-Pacific. Before the start of the conflict in January, the region took in most of the Gulf oil and gas that passed through the Strait of Hormuz.