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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 6th, 2015 - 08:41 GMT

A newfound patner: Arab exports to Brazil hit $11.4bn

Al Bawaba
February 6th, 2015 - 02:15 GMT

Out of its comfort zone: Dubai group to build $2.6bn luxury resort in Bosnia

Al Bawaba
February 5th, 2015 - 09:37 GMT

On again: Gulf states to deposit $10 billion in Egypt


The strategic waterway, the fastest shipping route between Europe and Asia, is a barometer for international trade.
February 5th, 2015 - 09:22 GMT

Feeling confident: Suez Canal Authority reduces discounts for LNG carriers

Al Bawaba
February 5th, 2015 - 08:35 GMT

Not just oil troubles: Saudi Arabia's top gas exec dismissed

Al Bawaba
February 5th, 2015 - 09:20 GMT

Refreshing: Egypt's stocks at highest levels in 6 and a half years

Al Bawaba
February 5th, 2015 - 04:55 GMT

Reasonable or over-optimistic? Total CEO expects oil price of $60 this year

Erdogan has also dismissed hundreds of police and prosecutors believed to be linked to the cleric.
February 4th, 2015 - 08:31 GMT

Using a 'lack of transperancy' excuse, Turkish government seizes control over Bank Asya

Al Bawaba
February 4th, 2015 - 05:47 GMT

UAE airlines carry more Indians than Air India

Al Bawaba
February 4th, 2015 - 05:35 GMT

The tide has shifted: reform of Saudi subsidies 'imminent'

Al Bawaba
February 4th, 2015 - 09:36 GMT

The region's beacon of strength and stability: US to up aid to Jordan as it deals with with regional instability

Al Bawaba
February 4th, 2015 - 05:55 GMT

It has those? Dubai 'historic' sites to get facelift

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