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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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УНН Economy ✎ Brent rose to $106.77, while WTI rose to $93.94 per barrel. Markets are assessing the risks posed by the U.S.-Iran conflict to supplies through the St…
Oil prices rose for a second consecutive session on Tuesday as concerns over potential disruptions to Middle East supplies due to the US-Iran conflict outweighed signs of recovering crude exports from the region.
Oil prices rose on Wednesday after US President Donald Trump denied that he was prepared to ease sanctions on Iran, while Qatar continued diplomatic efforts aimed at reaching a breakthrough. The rise came after prices fell in the previous session as Middle Eastern supply recovered.