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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.
More on Wikipedia ↗Brent closed near $100 as traders weighed escalating Hormuz threats against resilient regional oil exports.
Maximilian Hess, Principal at Enmetena Advisory, says the conflict in Yemen could escalate further even if the Strait of Hormuz crisis is resolved, as Houthi forces continue to threaten Saudi Arabia and key shipping routes. He also warns of further energy market shocks amid constrained LNG supplies and limited…
The World Bank said the wider Middle East, North Africa, Afghanistan, and Pakistan region is expected to contract 2.1% this year, following growth of 3.3% in 2025.