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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
January 29th, 2015 - 04:55 GMT

Catering to the right market: $6,000 smartphone coming to the GCC in February

Al Bawaba
January 28th, 2015 - 03:35 GMT

Israeli gas prices 'divorced from reality'

He said Iraq’s budget for 2015 had determined an average oil price of 60 dollars per barrel, down from 90 dollars per barrel in the budget for the previous year.
January 28th, 2015 - 03:16 GMT

Price war tactics: Iraq offers Saudi-style fat discounts to oil customers in Europe

Al Bawaba
January 28th, 2015 - 02:23 GMT

Israel, replaced? Jordan to buy its gas from Cyprus

Al Bawaba
January 28th, 2015 - 02:14 GMT

Never ever underestimate iPhones: Apple records largest profit in corporate history

Al Bawaba
January 28th, 2015 - 01:39 GMT

More of London under its sleeve: Qatari-Led group wins $4 billion battle for Canary Wharf

Al Bawaba
January 28th, 2015 - 01:15 GMT

Overcoming a terminal illness? Dubai property bubble gently 'deflating', not bursting yet

Al Bawaba
January 28th, 2015 - 11:59 GMT

Bracing itself for post-oil? Oman announces three new monumental aquaculture projects

Al Bawaba
January 28th, 2015 - 10:05 GMT

Where there's property, there's Qatar: Qataris are the UAE's top real estate investors

Al Bawaba
January 28th, 2015 - 04:55 GMT

From an exporter to a net importer: Egypt awards $2.2 billion LNG tender to 4 foreign firms

Al Bawaba
January 28th, 2015 - 04:55 GMT

Time for 'fiscal discipline': Saudi Aramco to renegotiate contracts, putt of projects

Al Bawaba
January 27th, 2015 - 09:20 GMT

Egyptian pound falls to new lows

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