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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 14th, 2015 - 02:04 GMT

Saudi Arabia to privatize airports in response to 'world's worst airport' ranking

Al Bawaba
January 14th, 2015 - 01:53 GMT

The real national crisis: Half of Egypt's population lives in informal slums

Al Bawaba
January 14th, 2015 - 04:55 GMT

Gulf stocks run out of steam once again

Al Bawaba
January 14th, 2015 - 04:55 GMT

The 'appropriate' moment has arrived: Egypt to collect $1.5 billion through international bonds

Al Bawaba
January 14th, 2015 - 04:55 GMT

Moving swiftly: GCC plans new laws to combat 'bootlegging' fuel

Al Bawaba
January 13th, 2015 - 11:53 GMT

Six-year low: oil prices slump further

Al Bawaba
January 13th, 2015 - 08:10 GMT

Great Britain is back in Egypt: UK launches Egypt trade mission, largest in over a decade

Iranian President Hassan Rouhani said Tuesday that countries behind the fall in global oil prices would regret their decision.
January 13th, 2015 - 07:56 GMT

A threat or a prophecy? Iran's Rouhani says countries behind oil price drop will suffer

Lebanon has witnessed a sharp decrease in fuel prices over the past month as Brent crude hit a five-and-a-half-year low of less than $50 a barrel.
January 13th, 2015 - 07:49 GMT

Another loser, another winner: Lebanon to cut transport fees as oil prices drop

Al Bawaba
January 13th, 2015 - 04:55 GMT

Unabated will or irrationality? Kuwait to spend $155 billion on projects despite oil price slide

Al Bawaba
January 13th, 2015 - 12:50 GMT

GCC rail project spending on track to reach $200 billion

Al Bawaba
January 12th, 2015 - 05:01 GMT

Early refund: Dubai World wins lender support for $14.6 billion restructuring plan

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