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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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Iraq In Talks with Masdar, ACWA Power to Deliver Clean Energy
June 23rd, 2021 - 11:00 GMT

Iraq In Talks with Masdar, ACWA Power to Deliver Clean Energy

Opinion: Why Iranian Oil Revival Shouldn't Be Considered A Threat
June 23rd, 2021 - 10:30 GMT

Opinion: Why Iranian Oil Revival Shouldn't Be Considered A Threat

Saudi Arabia Sets Legal Framework To Protect Financial Sector
June 23rd, 2021 - 10:00 GMT

Saudi Arabia Sets Legal Framework To Protect Financial Sector

Hyundai Reveals First Images of Elantra N
June 23rd, 2021 - 09:30 GMT

Hyundai Reveals First Images of Elantra N

Saudi Arabia: Hilton Appoints Bushra Al-Qahtani As Operational Manager
June 23rd, 2021 - 09:00 GMT

Saudi Arabia: Hilton Appoints Bushra Al-Qahtani As Operational Manager

Italy’s Lamborghini Eyes Saudi Market As Middle East's Strongest
June 23rd, 2021 - 08:30 GMT

Italy’s Lamborghini Eyes Saudi Market As Middle East's Strongest

IMF’s $650 Billion Hike In SDRs to Support Low-Income Emerging Markets
June 23rd, 2021 - 08:00 GMT

IMF’s $650 Billion Hike In SDRs to Support Low-Income Emerging Markets

Bahrain: FDI Inflows Up by $1 Billion In 2020
June 23rd, 2021 - 07:30 GMT

Bahrain: FDI Inflows Up by $1 Billion In 2020

Arden Group Announces Final Close of $500 Million Real Estate Equity Fund
June 23rd, 2021 - 07:00 GMT

Arden Group Announces Final Close of $500 Million Real Estate Equity Fund

GCC: Banks’ Net Profit Plummets to $25.4 Billion In 2020
June 23rd, 2021 - 06:30 GMT

GCC: Banks’ Net Profit Plummets to $25.4 Billion In 2020

Bahrain Bourse Bags 2 Global Banking Awards
June 23rd, 2021 - 06:00 GMT

Bahrain Bourse Bags 2 Global Banking Awards

Dubai
June 22nd, 2021 - 02:00 GMT

How Will the New Rent Law in Dubai Affect the Real Estate Market?

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