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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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By Arathy Somasekhar HOUSTON, Oct 8 (Reuters) - Oil prices settled 4% higher on Thursday on revived concerns about the ongoing war in the Middle East and growing supply disruptions due to a hurricane approaching the US Gulf Coast.
US Gulf producers shut in 1.3 million barrels per day as Hurricane Isaias approaches, while Middle East tensions drive global energy market volatility.
- Iran tensions, hurricane-related production disruptions and falling US crude stocks add to supply concerns - Anadolu Agency