New York, Aug 6, 2026 (AFP) - Oil price shoots up as stocks tread water

NAMPA / AFP
2026-08-06
Oil prices barreled higher again Thursday, extending their volatile run, while global stock markets had a mixed day ahead of key US employment data. With traders awaiting developments surrounding the Strait of Hormuz, the main oil contracts rose, Brent crude adding nearly four percent, while the main US contract WTI added nearly three percent. Reports that a potential agreement bars US and Israeli vessels from entering the Strait have dampened ex......
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WINDHOEK, 06 August 2026 - Namibia University of Science and Technology Council Chairperson Leake Hangala. (Photo: Andreas Thomas) NAMPA

WINDHOEK, 06 August 2026 - Namibia University of Science and Technology Council Chairperson Leake Hangala. (Photo: Andreas Thomas) NAMPA

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WINDHOEK, 06 August 2026 - Finance Minister Ericah Shafudah. (Photo: Andreas Thomas) NAMPA

WINDHOEK, 06 August 2026 - Finance Minister Ericah Shafudah. (Photo: Andreas Thomas) NAMPA

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WINDHOEK, 06 August 2026 - Finance Minister Ericah Shafudah. (Photo: Andreas Thomas) NAMPA

WINDHOEK, 06 August 2026 - Finance Minister Ericah Shafudah. (Photo: Andreas Thomas) NAMPA

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OPUWO, 06 August 2026 - Some of the 24 completed Mass Housing Development Programme houses handed over to beneficiaries in Opuwo, Kunene Region, on Thursday. (Photo: Kaviveterue Virere) NAMPA

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OPUWO, 06 August 2026 - Urban and Rural Development Minister James Sankwasa speaks during the handover of 24 completed Mass Housing Development Programme houses in Opuwo, Kunene Region, on Thursday. (Photo: Kaviveterue Virere) NAMPA

OPUWO, 06 August 2026 - Urban and Rural Development Minister James Sankwasa speaks during the handover of 24 completed Mass Housing Development Programme houses in Opuwo, Kunene Region, on Thursday. (Photo: Kaviveterue Virere) NAMPA

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WINDHOEK, 06 August 2026 – International Training College Lingua celebrated its 25th anniversary on Thursday during a graduation ceremony for more than 1 200 students in Windhoek. (Photo by: Uakutura Kambaekua) NAMPA

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