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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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Telegram Rolls Out Group Video Calling Feature
June 27th, 2021 - 11:30 GMT

Telegram Rolls Out Group Video Calling Feature

Oman's Phone Call With Israel Reflects Normalisation Prospects
June 27th, 2021 - 11:00 GMT

Oman's Phone Call With Israel Reflects Normalisation Prospects

Prysmian Group Secures $900 Million US Clean Energy Project Contract
June 27th, 2021 - 10:30 GMT

Prysmian Group Secures $900 Million US Clean Energy Project Contract

Bahrain Drills First Exploration Oil Well In Block 1
June 27th, 2021 - 10:00 GMT

Bahrain Drills First Exploration Oil Well In Block 1

Saudi Arabia Eyes Developing Industrial Zone In Oman
June 27th, 2021 - 09:30 GMT

Saudi Arabia Eyes Developing Industrial Zone In Oman

Will OPEC+ Consider Easing Output Cuts Further After Breaching $70 Mark ?
June 27th, 2021 - 09:00 GMT

Will OPEC+ Consider Easing Output Cuts Further After Breaching $70 Mark?

Lebanon to Gradually Lift Fuel Subsidies
June 27th, 2021 - 08:30 GMT

Lebanon to Gradually Lift Fuel Subsidies

Lebanon Will Not Be Importing Iranian Oil
June 27th, 2021 - 08:00 GMT

Lebanon Will Not Be Importing Iranian Oil

India: Farmers Renew Protests Against New Laws
June 27th, 2021 - 07:30 GMT

India: Farmers Renew Protests Against New Laws

Tesla to Recall China-Made Vehicles for Online Software Update
June 27th, 2021 - 07:00 GMT

Tesla to Recall China-Made Vehicles for Online Software Update

Kerala to Receive $125 Million from World Bank
June 27th, 2021 - 06:30 GMT

Kerala to Receive $125 Million from World Bank

UAE's Masdar Inks Strategic Deal With Iraq for 2GW Solar Projects
June 27th, 2021 - 06:00 GMT

UAE's Masdar Inks Strategic Deal With Iraq for 2GW Solar Projects

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