By Alex Wu As oil tankers halt operations in the Middle East to avoid risks amid the ongoing Iran war, crude oil and chemical raw material prices have risen sharply, creating significant pressure on China’s industrial chain. Approximately 20 million barrels of crude oil passed through the Strait of Hormuz daily before the war broke […]
Tag: Middle East
The Middle East is a transcontinental region that generally includes Western Asia, all of Egypt, and Turkey. The term has come into wider usage as a replacement of the term Near East beginning in the early 20th century.
