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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
December 29th, 2014 - 12:59 GMT

Not one for the Korean-Emirati scrapheap? Hyundai to buy scrap metal from UAE's Atlantis Global

Al Bawaba
December 29th, 2014 - 11:58 GMT

Marriott in the Middle East: Kuwait and Saudi Arabia launch new Residence Inn properties

Al Bawaba
December 29th, 2014 - 11:22 GMT

Leading Dubai firm to invest $2.7 billion in real estate

Al Bawaba
December 29th, 2014 - 09:59 GMT

Dubai shares skyrocket despite oil price decline

Al Bawaba
December 29th, 2014 - 09:37 GMT

Jordanian Free Zones Corporation brings $500 million investment in 2014

Al Bawaba
December 29th, 2014 - 08:39 GMT

AirAsia shares drop amid missing plane

Al Bawaba
December 29th, 2014 - 08:25 GMT

Saudi stock exchange to open doors to foreign investors in H1

Al Bawaba
December 29th, 2014 - 07:37 GMT

Good start to the year: Bahrain to award airport construction contracts in Q1

Al Bawaba
December 28th, 2014 - 02:26 GMT

Egyptian stock market update: Orascom Hotels and Development gets approval on offering 10-15%

Al Bawaba
December 28th, 2014 - 02:14 GMT

Abu Dhabi airport expansion: New runway can accommodate 500,000 aircraft movements per year

Al Bawaba
December 28th, 2014 - 02:08 GMT

Israel's gas planners full of hot air? Official's turnaround decision leaves energy industry future in the balance

Dubai Financial Market (DFM)
December 28th, 2014 - 01:45 GMT

A slower index year ahead: Dubai Investors should temper their expectations from the pace of 2014 gains

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