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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 4th, 2015 - 07:14 GMT

Open arms: 13.2 million international visitors to Dubai in 2014

Al Bawaba
May 4th, 2015 - 06:57 GMT

A perilous journey: Jordan-Syria border attack halts exports

Al Bawaba
May 4th, 2015 - 06:34 GMT

Iraq's oil prices drop after hike in crude output

Mövenpick is one of the world's leading hoteliers. (Royal Adventure Tourism)
May 4th, 2015 - 05:48 GMT

Luxury, Swiss style: Mövenpick announces new hotels in Saudi, Morocco

Al Bawaba
May 4th, 2015 - 05:10 GMT

Hola! Major Dubai developer teams up with Spain to build Deira resort

Al Bawaba
May 3rd, 2015 - 02:00 GMT

Sweeter deals: allowances and benefits up across the GCC

Al Bawaba
May 3rd, 2015 - 08:46 GMT

Gently down the stream: finalizing plans for Egypt's first floating power plant

The JVFU accuse Israel of deliberately starting the fires to clear grass for security reasons. (File photo)
May 3rd, 2015 - 08:44 GMT

Israeli wildfires make Jordan Valley farmers burn

Al Bawaba
May 3rd, 2015 - 08:00 GMT

Business schools rush in to train new generation of ME managers

Al Bawaba
May 3rd, 2015 - 07:48 GMT

West Bank authorities mull fees for tourists

A doctors' syndicate has reiterated their right to peaceful protest. (AFP/File)
May 3rd, 2015 - 07:42 GMT

Happy Workers Day? Egypt to forcibly retire protesters

Al Bawaba
May 3rd, 2015 - 07:37 GMT

UK-Lebanon Tech Hub launch: fired up for an ‘innovation revolution’

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