Ibex 35 slides below 19,400 points as oil prices surge

The Madrid‑based Ibex 35 fell 0.43% to 19,341.80 points, slipping under the 19,400‑point support as Brent crude surged about 1% to roughly $72.9 per barrel and U.S. WTI rose 1.7% to just over $70. The price jump followed renewed bombings in the Middle East, which the United States said were in response to Iranian attacks on vessels in the Strait of Hormuz. A U.S. official added that the United States and Iran would pause military actions and continue technical talks on their memorandum of understanding.

Spanish macro data showed the consumer‑price index holding at a 3.2% year‑on‑year rate for the third consecutive month and retail sales falling 0.4% in May. The government is set to present a new support package for the economic fallout from the Middle‑East conflict together with the fiscal framework for the 2027 state budget.

In corporate news, Cellnex announced a €0.376 per‑share gross dividend payable on 15 July, while Squirrel confirmed its plan to expand internationally and strengthen its Madrid hub. Among the index constituents, Solaria, Puig, Repsol and Acciona Energía posted gains, whereas Redeia, Cellnex, Inditex and Sacyr led the declines.

European peers showed mixed performance, with the FTSE 100 down 0.18% and the DAX up 0.12%. Spain’s ten‑year government bond yield edged to 3.355% and the euro lifted 0.15% against the dollar, trading at $1.1402.