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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 9th, 2015 - 05:53 GMT

Strong dollar to dominate forex markets

Sanctions on Iran will only be lifted after a final deal is brokered, which the six powers and Iran aim to reach by June 30. (Image: File photo)
April 8th, 2015 - 01:29 GMT

EU reinstates sanctions on Iranian bank and 32 shipping companies

Al Bawaba
April 8th, 2015 - 09:13 GMT

Islamic finance must address challenges to thrive

There are attempts taking place to work seriously on the wage hike issue. (Image: file photo)
April 8th, 2015 - 07:18 GMT

Lebanon: Wage hike issue near resolution

Al Bawaba
April 8th, 2015 - 07:02 GMT

UAE advertisers home in on grad recruitment

Al Bawaba
April 8th, 2015 - 06:20 GMT

Jordan acquires $100m soft loan from Kuwaiti fund

Al Bawaba
April 7th, 2015 - 03:11 GMT

Israel restricts lumber shipments to the Gaza Strip

Al Bawaba
April 7th, 2015 - 01:12 GMT

Assets seized at beleaguered Jordanian newspaper

Al Bawaba
April 7th, 2015 - 12:46 GMT

Damac shares surge on interest in London project

Al Bawaba
April 7th, 2015 - 07:44 GMT

Saudi Arabia looks to e-commerce to bolster opportunities for women and youth

Al Bawaba
April 7th, 2015 - 07:20 GMT

Dubai index gains for sixth day to hit one-month high

Al Bawaba
April 7th, 2015 - 07:06 GMT

French firm seals $100m deal for Madinah's public transport expansion

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