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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
April 29th, 2015 - 11:17 GMT

Air Arabia Jordan to begin low-cost flights next month

Al Bawaba
April 29th, 2015 - 06:30 GMT

Coping mechanisms: World Bank mulls financial support to Jordan despite not being low-income economy

The Bulgari Resort and Residences Dubai aims to seamlessly integrate the physical elements present on the Jumeira Bay Island. (File image)
April 28th, 2015 - 09:55 GMT

To go well with Armani and Versace: Bulgari residences to debut in Dubai

Real estate value nevertheless increased significantly year-on-year, even in the city's cheapest districts (File photo)
April 28th, 2015 - 08:48 GMT

Istanbul real estate prices up 20 percent

Al Bawaba
April 28th, 2015 - 11:51 GMT

The Arab Fashion Council launches its activities in the Region

the report projected healthy growth in the GCC economy with the non-oil sector continuing its momentum. (File photo)
April 28th, 2015 - 11:44 GMT

Rebounding: Bahrain's GDP to grow by 4.5%

Al Bawaba
April 28th, 2015 - 07:56 GMT

Stop complaining: Syrian War did not affect Lebanese trade after all

Al Bawaba
April 28th, 2015 - 07:21 GMT

Indians largest non-Arab investors in Dubai real estate

Al Bawaba
April 27th, 2015 - 07:09 GMT

A timely contribution: Egypt's reserves to rise $20 billion thanks to Gulf aid

Al Bawaba
April 27th, 2015 - 12:34 GMT

ME airlines taking Brazil to 'new heights'

Al Bawaba
April 27th, 2015 - 12:13 GMT

Key Jordan trade route disrupted after Syria border closure

Al Bawaba
April 27th, 2015 - 11:58 GMT

Saudi Arabia largest Islamic banking market in the world

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