< Back to all clusters
[INTERNATIONAL] · Spain, United States, Iran · 12 sources

started · updated

Ibex 35 nears 20,000 points amid US-Iran economic tensions

The Spanish Ibex 35 index showed signs of recovery, approaching the 20,000-point threshold amid volatile global markets. Oil prices reached approximately $93 per barrel, driven by heightened geopolitical tensions in the Middle East and the United States' intention to launch a major economic campaign against Iran.

US Treasury Secretary Scott Bessent has called on allies to support this economic warfare, stating the US aims to 'crush' the Iranian economy to limit its power projection and prevent it from funding its military. Bessent emphasized a strategy combining blockades with the most severe sanctions in history, asserting that the US maintains control over the Strait of Hormuz to ensure energy extraction continues via the southern lane.

In corporate news, Banco Santander has finalized its acquisition of US-based Webster Financial, a move intended to bolster its presence in the American market. Meanwhile, pharmaceutical company Almirall reported a 49.4% increase in first-half 2026 profits to 39.6 million euros, despite its stock price declining 19.1% during the same period, creating a notable decoupling from the broader Ibex 35 rally.

Entities

Almirall · Donald Trump · Ibex 35 · Iran · Scott Bessent

Claims

What the coverage asserts, and how many sources carry each claim.