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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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Banks have confirmed that they are ready to deal with any law passed by the Lebanese Parliament in the future. (Shutterstock/F. Selivanov)
March 23rd, 2015 - 08:31 GMT

Swiss banker: Era of banking secrecy is officially over

Al Bawaba
March 23rd, 2015 - 08:10 GMT

Fly in 24 hours! UK launches 'super-priority' visa in the UAE

Al Bawaba
March 22nd, 2015 - 05:25 GMT

A bright idea: Bahrain-Based Terra Sola to build $3.5bn solar plant In Egypt

Al Bawaba
March 22nd, 2015 - 05:16 GMT

Business gets fancier, economy gets tighter: Airbus Increases A380 seat count to 544

Al Bawaba
March 22nd, 2015 - 04:00 GMT

Time to watch (out): Lebanese TV stations register losses

Al Bawaba
March 22nd, 2015 - 03:54 GMT

Saudi Arabia's OPEC governor says its time to say goodbye to $120 oil

Al Bawaba
March 22nd, 2015 - 12:00 GMT

Reaffirmed commitment: Jordan, Russia to sign agreement for first nuclear plant

Al Bawaba
March 22nd, 2015 - 11:51 GMT

A regrettable decision: Saudi Arabia suspends business visas to Swedes

Al Bawaba
March 22nd, 2015 - 11:26 GMT

Oil price slide? No problem! Qatar shifts focus to health, education, and transport

Because Jordan’s public debt remains very high, there is a need to steadfastly adhere to the planned public sector adjustment.
March 22nd, 2015 - 04:55 GMT

A sturdy relationship: Jordan, IMF reach tentative deal

He added that the budget was "disconnected" to oil prices.
March 19th, 2015 - 11:40 GMT

A crash diet? Iran passes new budget with just 25% in oil revenues

US-based social networking companies such as Facebook and LinkedIn have already established offices in Dubai to tap into the growing social media usage in the region.
March 19th, 2015 - 10:15 GMT

Following Facebook and Linkedin: Twitter to open Dubai office

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