Ibex (Spanish Stock Exchange Index)

The IBEX index surpassed the 19,000-point barrier for the first time in its history as oil prices declined following a reported US-Iran agreement to reopen the Strait of Hormuz. Major Spanish banks including IAG, Santander, and BBVA posted significant gains.

The Spanish Ibex stock index closed down 0.52% as European markets retreated from previous day gains due to US-Iran geopolitical tensions and oil price surge to $100 per barrel, with the index closing at 18,290.90 points