Bearish
IBEX 35 drops 0.99% to 18,950 points amid rising oil prices and geopolitical tensions
The IBEX 35 index declined by 0.99% to close at 18,950 points, its lowest level since June. This downturn was driven by escalating geopolitical tensions in the Persian Gulf and a surge in oil prices exceeding $104 per barrel. Recent attacks on Saudi and Qatari infrastructure have disrupted oil flows through the Strait of Hormuz, intensifying market concerns.
Key points
- IBEX 35 falls below 19,000 points, reaching a four-month low.
- Oil prices surge past $104 per barrel amid Middle East tensions.
- European markets show resilience despite global volatility.
Sources
AI-generated from public news sources. Not financial advice.
