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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, Sept 29 (Reuters) - Oil prices settled 2.5% lower on Tuesday as investors focused on signs of recovering crude exports from the Middle East, although prices headed for monthly gains on lingering concern about supply disruptions during the US-Israeli war on Iran. Brent crude futures closed…
Oil prices declined on Tuesday as investors focused on signs of recovering crude exports from the region and lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran.
Oil prices declined today as investors focused on signs of recovering crude exports from the Middle East and lingering concerns over potential supply disruptions in the region stemming from the US-Israeli war on Iran.