Bearish
IBEX 35 drops 0.99% to below 19,000 points amid geopolitical tensions
The IBEX 35 index declined by 0.99% on October 8, 2026, closing below 19,000 points for the first time since June. This downturn was driven by escalating geopolitical tensions in the Gulf region and a surge in oil prices exceeding $104 per barrel. Attacks on infrastructure in Saudi Arabia and Qatar have significantly disrupted oil flows through the Strait of Hormuz, impacting global markets.
Key points
- IBEX 35 falls below 19,000 points, marking a four-month low.
- Geopolitical tensions in the Gulf escalate, affecting global markets.
- Oil prices surge past $104 per barrel due to Middle East disruptions.
Sources
AI-generated from public news sources. Not financial advice.
