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Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns
June 20th, 2026 - 01:56 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns

ALBAWABA- Global oil prices recorded their sharpest weekly decline in months, with Brent Crude falling about 8% over the week, as a renewed ceasefire between Israel and Hezbollah and progress on the US-Iran agreement eased concerns over potential disruptions to global energy supplies. Although prices edged higher on Friday, markets remained under pressure as geopolitical risk premiums continued to fade amid signs of improving stability in the Middle East. Brent ...
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Al Bawaba
May 5th, 2015 - 07:18 GMT

The struggle for school seats in Abu Dhabi: 60,000 places needed

Al Bawaba
May 5th, 2015 - 06:56 GMT

Boeing eyes Iranian market in wake of nuclear negotiations

Al Bawaba
May 5th, 2015 - 05:15 GMT

Fast-tracked freight: Dubai pilots 'virtual corridor' to streamline customs clearance

Al Bawaba
May 5th, 2015 - 05:00 GMT

Muslims and non-muslims alike investing in UK sharia-compliant banks

Al Bawaba
May 5th, 2015 - 04:45 GMT

Mercedes-Benz clarifies withdrawal from Egypt rumours

Al Bawaba
May 5th, 2015 - 04:15 GMT

Time to redress gender imbalance in GCC petrochem sector: report

Al Bawaba
May 5th, 2015 - 04:05 GMT

Banking on a digital future: UAE aims for dominance in digital payments

The Jeddah Park Hyatt Spa, Saudi Arabia (Photo courtesy of Hyatt Hotels)
May 5th, 2015 - 04:00 GMT

Hyatt unveils plans for GCC expansion: 9 more hotels by 2017

Al Bawaba
May 5th, 2015 - 03:30 GMT

No love lost: Libyan embassy nixes $1m PR contract in Washington

Al Bawaba
May 4th, 2015 - 01:15 GMT

Federation Council of GCC Chambers to meet in Muscat on Sunday

Al Bawaba
May 4th, 2015 - 07:39 GMT

Lebanon ranks 8th most expensive destination to send your dollar

Al Bawaba
May 4th, 2015 - 07:33 GMT

Joint Egypt-Canada venture to build Cairo railway

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