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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 27th, 2015 - 03:55 GMT

From 'relief to belief': Dubai index finally consolidating

Al Bawaba
April 26th, 2015 - 08:10 GMT

As long as they're halal: Saudi Arabia's hotel market booming

Al Bawaba
April 26th, 2015 - 03:44 GMT

'The economy of new drivers and old drags': The World Bank has a few words for Lebanon

Al Bawaba
April 26th, 2015 - 03:30 GMT

Won't last long? 'Short-term rally' to ensue opening up of Saudi Tadawul, says Deloitte

low-income buyers have turned to purchasing singles, to save money for other necessities.
April 26th, 2015 - 12:29 GMT

Tax evasion, Egyptian style: ‘single’ cigarette sales spike

Al Bawaba
April 26th, 2015 - 12:15 GMT

Who knew? Dubai skyscrapers among the 'cheapest in the world'

Al Bawaba
April 26th, 2015 - 09:21 GMT

Five times Somalia's GDP: Qatar spent $26 billion to win World Cup bid

The Iranian president noted that his administration also managed to increase the budget for the country’s development over the past two years (image: on file).
April 26th, 2015 - 04:55 GMT

Iran’s dependence on oil hits record low, says Rouhani

Officials have played down the impact of the phosphate spill in the Nile (image: on file).
April 23rd, 2015 - 09:24 GMT

'Nile fears': Mineral water companies rushing to meet demand in Egypt

The agreement, which is to involve 60% of local production, is to kick off in Sharm El-Sheikh (File photo).
April 23rd, 2015 - 01:14 GMT

Coming soon: African Free Trade to be launched from Egypt

Al Bawaba
April 23rd, 2015 - 01:02 GMT

Fashionably late: Apple Watch to make it to UAE's grey market on Saturday

Al Bawaba
April 23rd, 2015 - 12:56 GMT

Sorry, we take it back: Dubai rents will not fall significantly in 2015

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