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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 3rd, 2015 - 07:35 GMT

Brick by brick: Israeli firm must rebuild illegally demolished UK pub

Sorting through rubble caused by Saudi-led coalition airstrikes in Aden. (AFP/Saleh Al Obeidi)
May 3rd, 2015 - 06:46 GMT

Fuel crisis hastens Yemen’s infrastructure collapse: UN

Al Bawaba
May 3rd, 2015 - 06:23 GMT

Dubai’s first green residential address debuts Damac's new hotel villa concept

Al Bawaba
May 3rd, 2015 - 06:20 GMT

Saudi energy giant Aramco to be restructured

Al Bawaba
May 2nd, 2015 - 07:22 GMT

Saudi’s $650m satellite deal takes off

Ministry of Defense procurement on the domestic market averages NIS 8-9 billion a year. (AFP/File)
April 30th, 2015 - 02:49 GMT

More like offence spending: Israeli defense procurements hit record in 2014

Al Bawaba
April 30th, 2015 - 02:40 GMT

A blooming palm: Dubai's Nakheel profits more than double

Al Bawaba
April 30th, 2015 - 01:41 GMT

'Fixing imbalances': Kuwait to freeze entry of expats

Al Bawaba
April 29th, 2015 - 09:17 GMT

Why not? Sharjah aims for 10 million visitors by 2021

Al Bawaba
April 29th, 2015 - 09:03 GMT

A historic low: Bank of Israel keeps interest rates at 0.1%

Iran’s balance of trade (BoT) turned positive in April with its exports exceeding the imports by USD 760 million. (File photo).
April 29th, 2015 - 03:54 GMT

Iran records positive trade surplus

Al Bawaba
April 29th, 2015 - 02:29 GMT

Nile Ritz Carlton to open its doors in July

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