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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
March 11th, 2015 - 05:41 GMT

Not so healthy: Egypt's annual inflation hit 10.7% in February

Al Bawaba
March 11th, 2015 - 05:19 GMT

Ready for summer! Flydubai expands services to Africa

Al Bawaba
March 11th, 2015 - 03:03 GMT

What tensions? Israel Turkey's second-largest buyer of diesel fuel

Al Bawaba
March 11th, 2015 - 02:56 GMT

Building up: Big 5 kicks off in Saudi Arabia


Under the plan agreed by ministers, the plan will run for four years but will be reviewed after three years to see if it is working.
March 11th, 2015 - 02:49 GMT

To the rescue: EU announces $338 billion package to boost investment

Al Bawaba
March 11th, 2015 - 10:11 GMT

Resort-style apartments: Kuwait developer unveils $700 million waterfront project

Al Bawaba
March 11th, 2015 - 08:47 GMT

$136 salaries: Construction workers stage rare protest next to Dubai Mall

The decision came after Saudi Arabia blocked a speech that Swedish Foreign Minister Margot Wallstrom was scheduled to hold on Monday at a meeting of the Arab League in Cairo.
March 11th, 2015 - 08:34 GMT

Indefensible: Sweden to end defence agreement with Saudi Arabia

Al Bawaba
March 11th, 2015 - 08:23 GMT

Back to Morsi's days? Egypt hit by new fuel crisis

Al Bawaba
March 11th, 2015 - 07:41 GMT

It's not the end: Qatar moves fiscal year dates, reforms budget

Al Bawaba
March 10th, 2015 - 08:22 GMT

What about Etihad's leaked documents? UAE calls accusations of subsidizing airlines 'baseless'

Al Bawaba
March 10th, 2015 - 08:14 GMT

Morocco to have first Islamic bank

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