FTSE 100 Live: Stocks to fall as oil jumps after Trump claims Strait of Hormuz

Welcome back to the City AM liveblog. Oil prices are surging higher for the fourth consecutive session after Donald Trump declared the Strait of Hormuz as US territory. Brent crude – the international benchmark for oil prices – was climbing towards $92 as there was little indication the narrow waterway was to be reopen

In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with how 24 firms control over 70 per cent of Nigeria's stock market.

Nigeria · MARKETS Key Facts —Nigerian stock turnover: N176.058 billion, about US$129 million at N1,364.83 per dollar on 14 August 2026, up 26.6 percent. —Trading volume: 12.153 billion shares changed hands, a jump of 126.8 percent from the prior week’s 5.359 billion shares. —Transactions: 224,146 deals were recorded, d