Yes, the current rulings stipulate that a Transatlantic AND Transpacific sector are required- in effect, you have to go all the way around the world.

However, I'm currently on a lengthy stopover in London on a OWE booked under the previous set of rules. I'm doing AFRICA-EUROPE-ASIA-AFRICA as a three continent. It's a circle trip really.
I notice now however that all African countries sell a minimum of 4 continents- thus taking into account the new rule of a mandatory transatlantic and transpacific crossing.