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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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Commodities Outlook: Which Ones Should You Keep an Eye on?
May 25th, 2021 - 07:30 GMT

Commodities Outlook: Which Ones Should You Keep an Eye on?

BBC Reporter Blasted for Tweets Supporting Hitler
May 25th, 2021 - 07:00 GMT

BBC Reporter Blasted for Tweets Supporting Hitler

Gulf Air Suspends Entry of Passengers Coming from Red List Countries
May 25th, 2021 - 06:30 GMT

Gulf Air Suspends Entry of Passengers Coming from Red List Countries

Mexico to Buy Oil Refinery in Texas from Shell
May 25th, 2021 - 06:00 GMT

Mexico to Buy Oil Refinery in Texas from Shell

Dubai skyline
May 24th, 2021 - 02:00 GMT

How Did the UAE Economy Perform During 2020?

EU Asks for International Probe As Belarus Diverts Ryanair Plane over Alleged 'Bomb Threat'
May 24th, 2021 - 12:00 GMT

EU Calls for International Probe As Belarus Diverts Ryanair Plane over Alleged 'Bomb Threat'

Asia Stocks Trade Cautious Ahead of US Inflation Test
May 24th, 2021 - 11:30 GMT

Asia Stocks Trade Cautious Ahead of US Inflation Test

Pfizer, Astrazeneca COVID Jabs Effective Against India Variant
May 24th, 2021 - 11:00 GMT

Pfizer, Astrazeneca COVID Jabs Effective Against India Variant

South Korea's Central Bank to Conduct Mock Test on Functionality of CDBC
May 24th, 2021 - 10:30 GMT

South Korea's Central Bank to Conduct Mock Test on Functionality of CDBC

All You Need to Know Before Travelling Post-COVID
May 24th, 2021 - 10:00 GMT

All You Need to Know Before Travelling Post-COVID

Gold Trades Up to Highest Level in Four Months
May 24th, 2021 - 09:30 GMT

Gold Trades Up to Highest Level in Four Months

Dollar Soars Up Hovering Near Three-Month Low
May 24th, 2021 - 09:00 GMT

Dollar Soars Up Hovering Near Three-Month Low

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