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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 2nd, 2015 - 07:20 GMT

Diversification in mind: UAE passes new companies law

Al Bawaba
April 1st, 2015 - 08:57 GMT

Saudi Arabia, Iraq key drivers: OPEC output at highest level since October

Al Bawaba
April 1st, 2015 - 08:52 GMT

Despite all, Dubai invests $3.5 billion in Kurdistan

Al Bawaba
April 1st, 2015 - 08:47 GMT

Not even in Dubai: Sharjah hotels fully booked

Al Bawaba
April 1st, 2015 - 08:42 GMT

Saudi Arabia in Yemen: intervention at all economic costs

He also called on them to invest in a commercial zone to be established near the extended Suez Canal.
April 1st, 2015 - 08:32 GMT

Egypt to inaugurate 'new Suez Canal' next August

Al Bawaba
April 1st, 2015 - 08:18 GMT

Jumping on the same bandwagon: Egypt, Israel apply to join China-led Asian investment bank

Al Bawaba
April 1st, 2015 - 02:08 GMT

Apple to go on UAE 'hiring spree'

Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear programme would be reached that could allow more Iranian crude onto world markets.
April 1st, 2015 - 12:33 GMT

Oil prices on the edge over Iran nuclear deal

Al Bawaba
April 1st, 2015 - 10:44 GMT

Nshallah: Jordan's Islamic sukuks to take off

Al Bawaba
April 1st, 2015 - 10:36 GMT

Literal collision: Etihad, Emirates nearly bump in Indian Airspace

Al Bawaba
April 1st, 2015 - 07:25 GMT

Obama ends freeze on military aid to Egypt

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