As the United States and Israel press their war of aggression against Iran—now entering its second month—attention has understandably focused on the carnage in the Middle East. Yet with the Strait of Hormuz effectively blockaded and global energy markets in turmoil, the conflict’s ripples extend far beyond the Persian Gulf. In East Asia, America’s closest treaty allies, Japan and South Korea, are absorbing punishing economic shocks from their dependence on Middle Eastern oil, while Washington’s diversion of military assets has left them feeling exposed and annoyed. Meanwhile, Beijing,...
















