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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
September 4th, 2014 - 11:30 GMT

Turns out, the UAE has the best roads in the world

Al Bawaba
September 4th, 2014 - 11:01 GMT

Saudi releases more low-cost slots for Hajj pilgrims

Al Bawaba
September 4th, 2014 - 10:03 GMT

It's shopping time! H1 sales jump by 11.5 per cent in Abu Dhabi's Duty Free

Al Bawaba
September 4th, 2014 - 09:13 GMT

Sharjah firm welcomes Hong Kong investment opportunities

Al Bawaba
September 4th, 2014 - 08:55 GMT

UAE records strong business growth in August

Al Bawaba
September 4th, 2014 - 08:28 GMT

Cleaning up! Dubai's Camel Soap Factory boosting presence in Germany, India

According to a letter of intent signed by the Israeli side, Jordan will buy 45bn cubic metres of natural gas over a period of 15 years.
September 4th, 2014 - 03:55 GMT

Business is business: Israel to officially become Jordan's biggest energy supplier

Saudi Arabia has approved a number of new airport development projects worth more than SR5 billion ($1.33 billion), according to reports.
September 4th, 2014 - 03:55 GMT

Catching up to the regional bonanza: Saudi Arabia to spend $1.5 billion on five new airport projects

Al Bawaba
September 3rd, 2014 - 07:26 GMT

A done deal: Iran, Oman finalize discussions on $60 billion gas arrangment

Fahmy declined to reveal the names of investors that are slated to settle their disputes with government bodies, saying that the settlements have not yet been approved by the cabinet.
September 3rd, 2014 - 06:39 GMT

Keen to move on? Egypt to settle 22 investment disputes

Al Bawaba
September 3rd, 2014 - 12:20 GMT

Middle East airlines record 9.2 per cent growth in passenger traffic for July

Al Bawaba
September 3rd, 2014 - 11:19 GMT

Time for some luxury: Crystal Lagoons Corp to launch $4 billion mega project in Saudi

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