Midterm Hangover, Iran Attacks Avoided, and India's Steel Dream
This edition covers the political fallout from the US midterms, the de-escalation of US-Iran tensions, India's ambitious steel expansion plans, and the evolving dynamics of the LNG and container markets.
The Midterm Hangover
Dust settles after the midterms, as Congress and the White House gear up for a fight.
It is six days since Americans went to the polls, and it has not been a good week for US President Donald Trump, to put it mildly. The midterms were a catastrophe for the Republicans, who endured their worst results in decades in a swathe of losses in Senate, House, and gubernatorial races. “Rust Belt” states like Ohio, critical in propelling Trump to the White House, turned blue, and Kansas elected its first Democrat in 94 years. To add salt to the wound, Democrats also secured victory in attorney general races in traditionally Republican states like Texas and Iowa, promising Trump more obstacles in implementing his agenda at the state level. And more pain could be on the way; Alaska and Mississippi have yet to declare their senatorial races, with both neck and neck on Monday. Trump’s confirmed losses are bad enough, but things can still get worse.
Trump's Shift…
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