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Transcontinental geopolitical region
The Middle East is a geo-political region that is generally defined as encompassing all of Egypt and all of West Asia except for the Caucasus. It roughly corresponds with what was historically referred to in Western Europe as the Near East, which was juxtaposed with the Far East. Unlike West Asia's adherence to continental boundaries, the Middle East is demarcated by following political borders and consequently includes East Thrace in Southeast Europe because it is a part of Turkey.
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Oil prices were little changed at the close on Tuesday after recovering from earlier losses, as markets weighed rising crude exports from the Middle East and G7 plans to draw on emergency diesel and crude reserves against supply concerns linked to attacks by the Houthi group.
(Kitco NewsWire) - Spot gold and silver prices were higher in late U.S. trading Tuesday, as Treasury yields eased from multi-decade highs and the U.S. dollar pulled back, giving metals room to extend their post-payroll rebound. At the time of writing, spot gold was trading near $4,165.40 an ounce, up 0.63% on the…
Middle East oil producers have launched a battle to recapture market share lost during the Iran war, setting current and former OPEC members on a collision cour