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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 15th, 2015 - 09:39 GMT

$8.47 million: Dubai imposes record fine on Deutsche Bank

Al Bawaba
April 15th, 2015 - 03:39 GMT

No longer on edge: Samsung S6 Edge sold out from Dubai's shelves

The wheat harvest lasts from April to June.
April 15th, 2015 - 03:22 GMT

It's that time of the year again: Egypt starts annual purchase of local wheat

Al Bawaba
April 15th, 2015 - 01:13 GMT

A courageous bid: Nokia confirms acquistion of Alcatel for $16.6 billion

Al Bawaba
April 15th, 2015 - 12:49 GMT

'We would've starved to death': Gulf is Lebanese economy's life support, says official

Al Bawaba
April 15th, 2015 - 08:59 GMT

A listening ear? Saudi Arabia to discuss oil markets with Russia, Brunei

Al Bawaba
April 15th, 2015 - 05:55 GMT

Easing a chronic shortage: Egypt to import $3.55 billion worth of LNG

Al Bawaba
April 15th, 2015 - 04:55 GMT

No more haunted mansions? Dubai Issues new law for turning in lost/abandoned property

Al Bawaba
April 14th, 2015 - 05:06 GMT

A safehaven? Swiss private bank UBP to boost ME operations

Al Bawaba
April 14th, 2015 - 05:02 GMT

Getting there: Chinese group wins $600 million Egypt rail contract

Al Bawaba
April 14th, 2015 - 04:58 GMT

Saudi Arabia to take over 749 private properties

Al Bawaba
April 14th, 2015 - 12:33 GMT

Banking on China: Qatar to host Middle East's first RMB clearing center

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