Namibia’s national oil company, the National Petroleum Corporation of Namibia (NAMCOR), has confirmed that the country currently has fuel reserves capable of meeting national demand for approximately three months.
According to a report by The Namibian Sun, NAMCOR officials indicated that an additional fuel shipment is already en route to the country despite the existing stock levels.
NAMCOR spokesperson Paulo Coelho said the reserves provide a short term cushion as global oil markets face uncertainty amid escalating tensions involving the United States, Israel, and Iran.
The conflict intensified following reports of joint United States and Israeli airstrikes that killed Iran’s Supreme Leader, Ali Khamenei, prompting retaliatory missile attacks by Iran on United States military bases in the region.
United States President Donald Trump has stated that airstrikes will continue for as long as necessary, while Iran’s President Masoud Pezeshkian described retaliation as the country’s legitimate right and responsibility.
The developments have heightened concerns about potential disruptions to the Strait of Hormuz, a critical global oil shipping route through which a significant portion of the world’s crude exports passes.
Amid the tensions, global oil prices spiked, with Brent crude rising to about 119 dollars per barrel during early Asian trading on Monday, while West Texas Intermediate climbed above 100 dollars per barrel for the first time since 2022.
Prices later eased after President Trump suggested that the conflict could end soon. By Tuesday evening, Brent crude was trading at around 91 dollars per barrel, while West Texas Intermediate stood at about 86 dollars per barrel.
Despite Namibia’s current fuel buffer, officials cautioned that geopolitical tensions highlight the vulnerability of many African economies that depend heavily on imported refined petroleum products.