New York, May 6, 2026 (AFP) - Oil prices tumble, stocks rally on Mideast peace hopes

NAMPA / AFP
2026-05-06
World oil prices dived Wednesday and stock markets rallied on fresh hopes for an end to the Iran war. US President Donald Trump said he believed a deal with Iran was "very possible", but threatened to resume his bombardment of the country if negotiations fell apart. International oil benchmark Brent North Sea made a double-digit plunge to under $100 a barrel, before cutting losses, finishing down 7.8 percent at $101.27 a barrel. Major US indices......
Restricted content

Latest NAMPA photos

WINDHOEK, 07 MAY 2026 - Minister of Environment, Forestry and Tourism Indileni Daniel (L) and the Minister of Home Affairs, Immigration, Safety and Security Lucia Iipumbu (R) officially launched the National Customer Service Excellence Initiative to enhance customer service standards at all ports of entry. (Photo: Contributed)

WINDHOEK, 07 MAY 2026 - Minister of Environment, Forestry and Tourism Indileni Daniel (L) and the Minister of Home Affairs, Immigration, Safety and Security Lucia Iipumbu (R) officially launched the National Customer Service Excellence Initiative to enhance customer service standards at all ports of entry. (Photo: Contributed)

NAMPA
TSUMEB, 05 May 2026 - Members of the Namibian Police Force and Tsumeb Municipality addressing residents that have occupied land illegally at Kuvukiland location. (Photo: Contributed)

TSUMEB, 05 May 2026 - Members of the Namibian Police Force and Tsumeb Municipality addressing residents that have occupied land illegally at Kuvukiland location. (Photo: Contributed)

NAMPA
WINDHOEK, 06 May 2026 - Newly appointed  Capricorn Private Wealth Head, Elize Smith. (Photo: Contributed)

WINDHOEK, 06 May 2026 - Newly appointed Capricorn Private Wealth Head, Elize Smith. (Photo: Contributed)

NAMPA
WINDHOEK, 06 May 2026 - Newly appointed CEO of the Chamber of Mines of Namibia, Fabian Shaanika. (Photo: Contributed)

WINDHOEK, 06 May 2026 - Newly appointed CEO of the Chamber of Mines of Namibia, Fabian Shaanika. (Photo: Contributed)

NAMPA
WINDHOEK, 06 May 2026 - Deputy Minister of Industries, Mines and Energy Gaudentia Kröhne (C) and stakeholders of the African Green Industries (AGI) Summit launch pose for a photo. (Photo by: Molly Weyulu) NAMPA

WINDHOEK, 06 May 2026 - Deputy Minister of Industries, Mines and Energy Gaudentia Kröhne (C) and stakeholders of the African Green Industries (AGI) Summit launch pose for a photo. (Photo by: Molly Weyulu) NAMPA

NAMPA
WINDHOEK, 05 May 2026 - A bull at the Namibia Genetics Stud Livestock Auction in Windhoek. (Photo: Contributed)

WINDHOEK, 05 May 2026 - A bull at the Namibia Genetics Stud Livestock Auction in Windhoek. (Photo: Contributed)

NAMPA
OSHAKATI, 05 May 2026 - Deputy Minister of Agriculture, Fisheries, Water and Land Reform, Ruthy Masake, adressing the Oshana youth during the agricultural engagement on Monday held in Oshakati. (photo: contributed)

OSHAKATI, 05 May 2026 - Deputy Minister of Agriculture, Fisheries, Water and Land Reform, Ruthy Masake, adressing the Oshana youth during the agricultural engagement on Monday held in Oshakati. (photo: contributed)

NAMPA
NDIYONA, 05 May 2026 - Newly recognised Hompa of the VaGciriku community, Bartholomeus Aruvita Kayoka, greets members of the public after he was announced as the new Hompa at Ndiyona on Tuesday. (Photo by: Sawi Hausiku) NAMPA

NDIYONA, 05 May 2026 - Newly recognised Hompa of the VaGciriku community, Bartholomeus Aruvita Kayoka, greets members of the public after he was announced as the new Hompa at Ndiyona on Tuesday. (Photo by: Sawi Hausiku) NAMPA

NAMPA