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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 14th, 2014 - 05:55 GMT

The 'black' hole? 41% of Egyptian corruption investigations 'incomplete', says World Bank

Al Bawaba
December 14th, 2014 - 04:55 GMT

Two years later: EU announces reform of Lebanon's tax adminstration

Al Bawaba
December 12th, 2014 - 08:06 GMT

First rents, now this: UAE salaries fail to keep up with inflation

Al Bawaba
December 11th, 2014 - 05:05 GMT

Emirates lashes out at Airbus, in public

Saudi Arabia will stop buying domestically-grown wheat in two years' time and rely completely on imports of the grain
December 11th, 2014 - 04:56 GMT

Giving up on 'mircales': Saudi Arabia to halt domestic wheat production

Al Bawaba
December 11th, 2014 - 04:40 GMT

The blame game commences: Rouhani calls plunging oil prices 'political conspiracy'

The Ministry of Labor has taken penal action against as many as 707 companies and establishments, which failed to implement a mandatory Wage Protection Program.
December 11th, 2014 - 04:28 GMT

First they have to deal with Saudization, now this: Saudi Arabia penalizes 707 firms

Al Bawaba
December 11th, 2014 - 10:37 GMT

Not just after the slums: Qatar acquires Parisian luxury hotel for $405 billion

Bayoumi said that Egypt and the EU have implicitly agreed to resume the technical committees of the partnership’s work.
December 11th, 2014 - 10:30 GMT

On a silver plate? EU offers Egypt a new trade agreement

Al Bawaba
December 11th, 2014 - 04:55 GMT

Alhamdullilah! Iraq's economy shrinks less than expected

"I can't accept having my history stigmatised with approving a deal that might harm Jordan and Jordanians. The government is here to serve the country and its interests," the premier said.
December 10th, 2014 - 09:32 GMT

Not 'sitting' well? Jordan's Lower House recommends scrapping tentative gas deal with Israel

Al Bawaba
December 10th, 2014 - 08:13 GMT

Nine years overdue? Netanyahu makes cost-of-living promise ahead of Israeli elections

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