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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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International oil prices climbed to nearly a two-week high on Monday as escalating tensions in the Middle East raised concerns about potential disruptions to global crude supplies.Brent crude futures rose by $1.24, or 1.2%, to $106.19 a barrel, reaching their highest level since September 29. At 11: