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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 21st, 2015 - 07:18 GMT

Dubai crown prince approves new set of Islamic economy initiatives

Al Bawaba
April 21st, 2015 - 06:58 GMT

Resilience or denial? Middle East oil firms still hiring despite price plunge

US undersecretary of commerce for international trade says a lot of work to be done before reaching a final agreement with Iran
April 20th, 2015 - 05:32 GMT

A paradigm shift? US to 'possibly' do business with Iran

The government is currently negotiating a $500 million loan from the World Bank to build affordable housing (image: on file).
April 20th, 2015 - 05:27 GMT

Officially recovered, nshallah: Egypt's economic growth to reach 4.5%

Al Bawaba
April 20th, 2015 - 04:36 GMT

Crude behavior: SABIC profits plummet, stocks surge

Al Bawaba
April 20th, 2015 - 05:55 GMT

Giving back: Dubai to invest $10 billion in the Philippines

Al Bawaba
April 20th, 2015 - 04:55 GMT

'Purely economic': Jordan joins as founding member of China-led AIIB bank

Al Bawaba
April 20th, 2015 - 04:55 GMT

What Daesh? Iraq to build new solar, wind power stations

Al Bawaba
April 19th, 2015 - 08:19 GMT

Saudi Arabia decides: stadiums or sports villages?

Al Bawaba
April 19th, 2015 - 01:21 GMT

Pushing through: Syria Air to resume flights to Bahrain

Al Bawaba
April 19th, 2015 - 12:50 GMT

UAE braces for Mars mission with new space center

The chairman was at the helm of Arabtec during last June’s market crash, following a dispute that led to the resignation of CEO Hasan Ismaik and the dismissal of much of the management team.
April 19th, 2015 - 11:49 GMT

Falling apart? Arabtec chairman, founder both call it quits

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