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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
February 24th, 2015 - 08:58 GMT

Relative optimism: oil edges above $59 on signs of economic recovery

Al Bawaba
February 24th, 2015 - 08:52 GMT

Explosion at Gulf Oil Corporation factory in Hyderabad kills two

Al Bawaba
February 24th, 2015 - 08:29 GMT

'Mostly soft': Gulf markets consolidate as oil dips

It said the construction of 3,100 "residential units" began last year in West Bank settlements.
February 24th, 2015 - 04:55 GMT

Taking over: 40% rise in new West Bank settlement houses

Al Bawaba
February 23rd, 2015 - 07:32 GMT

Iran petrochemical exports hit $9 billion

In May 2014, Iran Privatization Organization Director Abdollah Pouri Hosseini said the country would privatize 186 state-run companies in Iranian calendar year 1393
February 23rd, 2015 - 06:00 GMT

Serious about privatization: Iran divested $1.12 billon worth of shares

The comprehensive project plan will be announced within two weeks.
February 23rd, 2015 - 05:49 GMT

Suez Canal infrastructure project to cost $15 billion

Wide areas of the north and east – where much of Syria’s grain is grown and its oil is extracted – have been seized by the hard-line ISIS  group.
February 23rd, 2015 - 03:53 GMT

Less people in the country? Syria says it won't need to import wheat this year

Al Bawaba
February 23rd, 2015 - 11:48 GMT

A glimpse of hope? Major Middle East shipping routes secure despite turmoil

Al Bawaba
February 23rd, 2015 - 11:25 GMT

'Hub status': Qatar Airways announces third route to South Africa

Al Bawaba
February 23rd, 2015 - 08:48 GMT

It's all about health: Egypt raises tax on cigarettes for third time in a row

Al Bawaba
February 23rd, 2015 - 07:42 GMT

On a silver plate: Turkey to offer Saudi investors citizenship

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