Donald Trump will be humiliated within days, but the midterm elections will be good news for share prices, says HAMISH MCRAE
Everyone in the capital here is preoccupied with the outcome of the midterm elections, now just nine days away.
On Saturday, global crude oil prices experienced a significant surge following United States President Donald Trump's threat to launch another military operation against Iran. This development saw Brent crude and West Texas Intermediate (WTI) prices rise by 3.82% and 3.14%, respectively, reaching $116 and $103 per barrel.
According to Daily Post, Trump mentioned on Friday that the US might carry out another military action against Iran. His statement contradicted earlier remarks suggesting that the conflict in Iran might be nearing its conclusion. The recent price increase followed the surge in fuel costs, which have been negatively impacting the US economy as the country prepares for the November midterm elections.
The Iran war, which began in February 2026, is now in its eighth month. The conflict has been affecting economies worldwide, exacerbating the repercussions of the ongoing Russia-Ukraine war. In Nigeria, domestic petroleum product prices have skyrocketed, intensifying the cost of living for millions of Nigerians.
Although the Nigerian government benefits from increased crude oil revenue, the domestic petroleum product prices are putting pressure on the population. Daily Post highlights that while oil prices have surged by 3%, Trump's threat of an "Epic Fury" attack continues to dominate global markets.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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