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Transcontinental geopolitical region
The Middle East or West Asia 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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Global oil markets remain under pressure despite a recovery in Middle Eastern crude exports, with escalating security risks, soaring tanker
The IEA warns global diesel shortages could last through 2027 with high prices impacting inflation and growth due to ongoing conflicts and supply issues.
The International Energy Agency (IEA) warned on October 14 that the global diesel shortage could extend into next year, putting pressure on fuel prices, transportation costs, and inflation. Meanwhile, the agency also decided to accelerate the release of remaining oil from emergency reserves, including more than 20…