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Ibex 35 falls 0.9% amid oil price drops and geopolitical tension
The Spanish Ibex 35 index opened the Monday session with a 0.92% decline, reaching 18,815 points. The downturn occurred amid international uncertainty regarding crude oil supplies and geopolitical conflicts, including the war in Iran and Houthi military operations in Saudi Arabia.
Oil prices saw a downward trend at the start of European trading. Brent crude fell 1.1% to $115.41 per barrel, while West Texas Intermediate (WTI) dropped 1.7% to $101.53 per barrel. This decline comes despite Houthi forces claiming successful ballistic missile and drone attacks against targets in Saudi Arabia, including the King Khalid International Airport in Riyadh.
In the Spanish corporate sector, Moeve and Galp have ended negotiations to merge their downstream businesses. Additionally, Spain’s National Commission on Markets and Competition (CNMC) has granted first-phase approval for Iberdrola to acquire the electricity marketing business of Contigo Energía in Spain.
Major losers in the Ibex 35 opening included Telefónica (-5.77%), Santander (-5.13%), and Mapfre (-3.28%), while Solaria (+1.57%) and IAG (+1.25%) recorded gains.
Entities
Galp · Houthi rebels · Iberdrola · Ibex 35 · Moeve
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] West Texas Intermediate (WTI) oil prices fell 1.7% to $101.53 per barrel. cronicadecantabria.com · theobjective.com · valenciaplaza.com
- [● 3 SOURCES] The CNMC gave first-phase approval for Iberdrola to purchase Contigo Energía’s electricity marketing business in Spain. cronicadecantabria.com · theobjective.com · valenciaplaza.com
- [● 3 SOURCES] Houthi forces launched ballistic missiles and drones against targets in Saudi Arabia, including King Khalid International Airport. cronicadecantabria.com · theobjective.com · valenciaplaza.com
- [● 3 SOURCES] The Ibex 35 index fell 0.92% to 18,815 points at the start of the session. cronicadecantabria.com · theobjective.com · valenciaplaza.com
- [○ 1 SOURCE] The Spanish 10-year bond yield rose to 4.055%. valenciaplaza.com
- [○ 1 SOURCE] Telefónica shares fell by 5.77% during the market opening. valenciaplaza.com
- [● 3 SOURCES] Moeve and Galp ended negotiations to merge their downstream refining and distribution businesses. cronicadecantabria.com · theobjective.com · valenciaplaza.com
- [● 3 SOURCES] Brent crude oil prices decreased by 1.1% to $115.41 per barrel. cronicadecantabria.com · theobjective.com · valenciaplaza.com