London, Nov 2, 2026 (AFP) - Oil prices sink on US-Iran war hope ahead of midterms

NAMPA / AFP
2026-11-02
Oil prices sank more than four percent Monday as a report that Donald Trump wanted to negotiate with Iran raised hope of ending the Middle East war, as the US president prepared for pivotal midterm elections. Weighing on crude futures was also Iran saying it is ready to reopen the Strait of Hormuz within two days should the United States agree to ending the war on all fronts, among other conditions related to the conflict. The Axios news outlet......
Restricted content

Latest NAMPA photos

WINDHOEK, 02 November 2026 - The Performance Management System (PMS) Workshop for Local Authorities is officially underway at NIPAM, supported by the Prime Minister's Charity Foundation Programme for Local Authorities. (Photo: Contributed) NAMPA

WINDHOEK, 02 November 2026 - The Performance Management System (PMS) Workshop for Local Authorities is officially underway at NIPAM, supported by the Prime Minister's Charity Foundation Programme for Local Authorities. (Photo: Contributed) NAMPA

NAMPA
WINDHOEK, 14 September 2026 - The Windhoek City Council has approved a range of resolutions addressing housing shortages, traffic safety, and technology-enhanced policing. (Photo: Contributed) NAMPA

WINDHOEK, 14 September 2026 - The Windhoek City Council has approved a range of resolutions addressing housing shortages, traffic safety, and technology-enhanced policing. (Photo: Contributed) NAMPA

NAMPA
WINDHOEK, 30 October 2026 - Namibia's Under-15 player (in blue) while in action during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

WINDHOEK, 30 October 2026 - Namibia's Under-15 player (in blue) while in action during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

NAMPA
BAKU, 30 October 2026 - Namibia's Under-15 players celebrate a goal during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

BAKU, 30 October 2026 - Namibia's Under-15 players celebrate a goal during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

NAMPA
BAKU, 30 October 2026 - Namibia's Under-15 players celebrate a goal during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

BAKU, 30 October 2026 - Namibia's Under-15 players celebrate a goal during the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

NAMPA
BAKU, 30 October 2026 - Namibia (in blue) took part in the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

BAKU, 30 October 2026 - Namibia (in blue) took part in the 2026 FIFA U-15 World Cup in Baku, Azerbaijan. (Photo: Contributed)

NAMPA
IIKOLOGO VILLAGE, 01 November 2026 - Seven people have died and one remains critically injured following a head-on collision between a VW Amarok and a Toyota Fortuner near Iikologo Village on the Oshakati-Okahao road. (Photo by Andreas Thomas) NAMPA

IIKOLOGO VILLAGE, 01 November 2026 - Seven people have died and one remains critically injured following a head-on collision between a VW Amarok and a Toyota Fortuner near Iikologo Village on the Oshakati-Okahao road. (Photo by Andreas Thomas) NAMPA

NAMPA
WINDHOEK, 31 October 2026 - President Netumbo Nandi-Ndaitwah and former President Hifikepunye Pohamba at the gravesite of his wife, former First Lady Penehupifo Pohamba. (Photo by: Andreas Thomas) NAMPA

WINDHOEK, 31 October 2026 - President Netumbo Nandi-Ndaitwah and former President Hifikepunye Pohamba at the gravesite of his wife, former First Lady Penehupifo Pohamba. (Photo by: Andreas Thomas) NAMPA

NAMPA