Arya News - Investing.com -- Brazilian Senator Flavio Bolsonaro declared on Tuesday that his decision to run for president in 2026 is
Investing.com -- Brazilian Senator Flavio Bolsonaro declared on Tuesday that his decision to run for president in 2026 is "irreversible," confirming he will challenge President Luiz Inacio Lula da Silva in the upcoming election.
The announcement comes after Bolsonaro had suggested over the weekend that he might step aside. The senator made the statement to reporters following a visit to his father, former President Jair Bolsonaro, who is currently serving a 27-year prison sentence for plotting a coup after his 2022 election loss to Lula.
"I told him this candidacy is irreversible," the younger Bolsonaro said. "And in his own words, ’we will not turn back.’ Now it is time to talk to people so we can have the right people on our side."
The senator first revealed on Friday that his father supported his presidential bid, a move that unsettled markets. Investors had previously anticipated a more experienced, market-friendly candidate like Sao Paulo Governor Tarcisio de Freitas would consolidate support from the right.
Despite market concerns, Freitas announced on Monday that he would back Flavio Bolsonaro’s candidacy.
The senator acknowledged the market reaction, attributing it to "concerns" about Lula potentially remaining in office for another four years. He added that his campaign would now gain momentum to challenge the leftist leader in the 2026 election.
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