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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 5th, 2015 - 08:05 GMT

Allez! France lifts travel restrictions to Luxor and Taba

Al Bawaba
April 5th, 2015 - 07:40 GMT

Nicole Kidman ad: Etihad Airways bites back at US trade union over pregnancy dismissal claims

Al Bawaba
April 5th, 2015 - 06:29 GMT

Nassib border shutdown will choke regional exports: Lebanon

Al Bawaba
April 5th, 2015 - 05:49 GMT

Jordan's gas deal with Israel finally gets the green light

Construction on the project had originally been due to start in the third quarter of 2014, with the first homes to be delivered in early 2017.
April 3rd, 2015 - 07:28 GMT

Secured housing: Arabtec seals $36 billion deal with Egypt

It added that the subsidiary was never asked by Turkish authorities to take any specific measure with regard to combating money laundering and terrorist financing, as alleged the newspaper.
April 3rd, 2015 - 06:53 GMT

'We're not related': Bank Audi denies ties to Daesh

The app, which is completely free, is now available for iOS and Windows Phone users. (Jeltee)
April 3rd, 2015 - 11:49 GMT

'Tinder-like': Two expats launch new app for meeting people in the UAE

Price of Kuwaiti oil averaged well above $100 a barrel last fiscal year but is currently hovering around $50.
April 3rd, 2015 - 11:08 GMT

Time to face the realities: Kuwait income plunges by $24 billion over extended oil slump

Al Bawaba
April 3rd, 2015 - 11:00 GMT

'We don't need pineapples': Syria to halt food imports to save foreign reserves

Al Bawaba
April 2nd, 2015 - 07:01 GMT

Dragging on: oil prices down 4 percent

Al Bawaba
April 2nd, 2015 - 08:38 GMT

Eased up: Bahrain to issue multiple entry visas

Al Bawaba
April 2nd, 2015 - 08:29 GMT

Hungry for fans: Hunger Games-styled theme park to open in Dubai

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