Trump threatens new Iran strikes, Tehran warns of prolonged war

US President Donald Trump renewed threats of military action against Iran at an Iowa campaign rally today, telling supporters he has so far held back to "save all those lives" but will eventually "give them the hammer." The remarks come ahead of Tuesday's US midterm elections.

Iran responded through army spokesman Mohammad Akraminia, warning that any fresh conflict could last longer than previous fighting and that Washington would not dictate its timing or conclusion, according to Iranian state television.

For Nigeria, the intelligence is clear: heightened US-Iran tensions directly threaten global oil supply stability. Nigeria's economy remains heavily dependent on crude exports, and any Persian Gulf disruption typically drives up global prices — which should mean higher revenue but often translates to domestic fuel price pressure due to import dependence for refined products.

The last major escalation in 2024 saw Brent crude spike above $90, triggering local petrol price adjustments. Current prices hover around $72; analysts say sustained conflict rhetoric adds a $5-10 risk premium.

Trump's "one or two targets" comment suggests limited strikes remain on the table, but Iran's "prolonged conflict" warning signals asymmetric retaliation risks — including potential shipping lane disruption in the Strait of Hormuz, through which 20% of global oil flows.

With midterm elections tomorrow, Trump's rhetoric may be partly electoral, but Tehran's public rejection of US escalation control suggests both sides are locking in positions.

Will you factor potential fuel price volatility into your Q1 2027 budget, or does Nigeria's Dangote Refinery ramp-up finally insulate us from external shocks?

SOURCE: https://dailypost.ng/2026/11/02/trump-renews-threat-to-attack-iran-tehran-vows-prolonged-conflict/