The Embassy of Iran in Windhoek says Iran and the United States are expected to sign a memorandum of understanding on Friday.
This follows an agreement aimed at ending more than three months of conflict between the two countries.
Various world leaders voiced support for the U.S.-Iran peace deal announced by President Donald Trump on Sunday.
The peace deal is raising hopes of lower energy prices and greater stability across the Middle East after months of conflict.
Namibia's ties with the international community continue to receive boosts, as newly accredited diplomats outlined plans to deepen cooperation in energy, tourism and education sectors.
Six Heads of Mission presented their letters of credence to President Netumbo Nandi-Ndaitwah at State House.
Minister of International Relations and Trade (MIRT), Selma Ashipala-Musavyi, says Namibians in South Africa are not under any threat in the face of recent xenophobia attacks in the neighbouring country.
President Netumbo Nandi-Ndaitwah has paid tribute to Cuba's former president, Raul Castro, who celebrates his 95th birthday on June 3rd, describing it as an important milestone.
Former Cuban President Raul Castro today celebrates his 95th birthday against the backdrop of ever-increasing pressure from the United States government, underlined by a US Department of Justice indictment.
Namibia says the success of the UN80 reform process hinges on member states meeting their financial obligations and that efficiency measures do not undermine programmes that support developing countries.
Namibia has warned that unilateral actions, the selective implementation of UN resolutions, and growing global fragmentation are weakening the foundations of international peace and security.
Cuba's foreign minister, Bruno Rodríguez Parrilla, has used the ongoing UN Security Council debate to direct sharp criticism at U.S. sanctions.
He warns that pressure on Havana could push relations toward dangerous escalation between the two countries and the entire Latin and Caribbean region.
Namibia has reiterated its support for Africa's common position on reforming the United Nations Security Council, calling for two permanent and five non-permanent African seats and the abolition of the veto power.
If the veto is retained, Namibia insists it should be extended to all Council members.
