London, June 7, 2026 (AFP) - As OPEC+ meets, Iran war hobbles power to shape oil market

NAMPA / AFP
2026-06-07
OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments. But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices. With the crucial Strait of Hormuz shut since US and Israeli attacks on Iran in late February, oil prices h......
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WINDHOEK, 05 JUNE 2026 - President Netumbo Nandi-Ndaitwah pictured with Prime Minister Elijah Ngurare during the official inauguration of the Goreangab Mall. (Photo by: Molly Weyulu) NAMPA

WINDHOEK, 05 JUNE 2026 - President Netumbo Nandi-Ndaitwah pictured with Prime Minister Elijah Ngurare during the official inauguration of the Goreangab Mall. (Photo by: Molly Weyulu) NAMPA

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WINDHOEK, 05 JUNE 2026 - Prime Minister Elijah Ngurare and Chief Executive Officer of Bank Windhoek James Chapman at the official inauguration of Goreangab Mall. (Photo by: Molly Weyulu) NAMPA

WINDHOEK, 05 JUNE 2026 - Prime Minister Elijah Ngurare and Chief Executive Officer of Bank Windhoek James Chapman at the official inauguration of Goreangab Mall. (Photo by: Molly Weyulu) NAMPA

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WINDHOEK, 05 JUNE 2026 - President Netumbo Nandi-Ndaitwah (middle) pictured with the high table at the inauguration of Goreangab Mall. (Photo by: Molly Weyulu) NAMPA

WINDHOEK, 05 JUNE 2026 - President Netumbo Nandi-Ndaitwah (middle) pictured with the high table at the inauguration of Goreangab Mall. (Photo by: Molly Weyulu) NAMPA

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WINDHOEK, 05 JUNE 2026 - Students protest the delayed disbursement of tuition and non-tuition fees at Government Park in Windhoek on Friday. (Photo by: Ali Negumbo)NAMPA

WINDHOEK, 05 JUNE 2026 - Students protest the delayed disbursement of tuition and non-tuition fees at Government Park in Windhoek on Friday. (Photo by: Ali Negumbo)NAMPA

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SWAKOPMUND, 05 June 2026 - Incubator beds for high care babies at the newly inaugurated Neo-Natal Intensive Care Unit at the Swakopmund District Hospital. (Photo by: Isabel Bento) NAMPA

SWAKOPMUND, 05 June 2026 - Incubator beds for high care babies at the newly inaugurated Neo-Natal Intensive Care Unit at the Swakopmund District Hospital. (Photo by: Isabel Bento) NAMPA

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WINDHOEK, 04 June 2026 - The Roads Authority (RA) will install speed humps at selected locations along the B1 Western Bypass and a section of the A1 Road in the Khomas Region from Friday, following a rise in pedestrian-related crashes that have claimed lives on both routes.

The installation covers the B1 Western Bypass between the Independence Avenue Interchange near Katutura Hospital and the Lafrenz Interchange, as well as the A1 Road between Prosperita and the Windhoek Country Club Resort.

(Photo contributed) NAMPA

WINDHOEK, 04 June 2026 - The Roads Authority (RA) will install speed humps at selected locations along the B1 Western Bypass and a section of the A1 Road in the Khomas Region from Friday, following a rise in pedestrian-related crashes that have claimed lives on both routes. The installation covers the B1 Western Bypass between the Independence Avenue Interchange near Katutura Hospital and the Lafrenz Interchange, as well as the A1 Road between Prosperita and the Windhoek Country Club Resort. (Photo contributed) NAMPA

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WINDHOEK, 04 JUNE 2026 - Newly appointed Geb Ilunga as Head of Digital Marketing Channels Bank Windhoek. (Photo:Contributed)

WINDHOEK, 04 JUNE 2026 - Newly appointed Geb Ilunga as Head of Digital Marketing Channels Bank Windhoek. (Photo:Contributed)

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WINDHOEK, 05 June 2026 - The Namibia Institute of Public Administration and Management (NIPAM) signed a Memorandum of Understanding (MoU) with the Global Cybersecurity Centre on Thursday in Windhoek. (Photo: Contributed) NAMPA.

WINDHOEK, 05 June 2026 - The Namibia Institute of Public Administration and Management (NIPAM) signed a Memorandum of Understanding (MoU) with the Global Cybersecurity Centre on Thursday in Windhoek. (Photo: Contributed) NAMPA.

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