The Ibex 35 has concluded Monday's session with a 0.99% decrease compared to Friday's close, settling at 18,023.8 points, on a day again conditioned by the uncertainty generated by the US president, Donald Trump, and the war with Iran.
The session has been dominated by the failure of the peace talks held this weekend between the United States (USA) and Iran and by the announcement of the President of the United States, Donald Trump, that he will block the Strait of Hormuz and Iranian ports, which has caused the price of crude oil to rise back above 100 dollars per barrel.
Specifically, the price of Brent crude oil --a benchmark in Europe-- rose by 6.97% at the close of European trading, to 101.87 dollars per barrel, while West Texas Intermediate (WTI) --a benchmark in the US-- was trading around 103.06 dollars, with a rebound of 6.72%.
Specifically, Trump has given orders to the US Navy to establish a perimeter closure of the Strait of Hormuz, currently under Iran's control, a strategic enclave through which a quarter of the oil and gas consumed in the world transits.
In this regard, the American president has warned this Sunday that the Army will intercept "in international waters" any vessel that has paid Iran to cross this strategic passage.
Following these statements by the US president, the Central Command of the United States Armed Forces (Centcom) has reported that they would establish the blockade of all Iranian ports starting at 10:00 AM US Eastern Time, which is equivalent to 4:00 PM in peninsular Spain and 5:30 PM in Iran.
For his part, the Iranian Foreign Minister, Abbas Araqchi, has linked the failure of the negotiations between Iran and the United States held this weekend in Islamabad with an "excess of zeal" and with the "constant changes in the demands" of Washington.
In any case, Pakistan's Prime Minister, Shehbaz Sharif, has defended this Monday the validity of the ceasefire reached last week between Iran and the United States, despite the fruitless talks held this weekend in Islamabad for the cessation of the offensive launched at the end of February by US and Israeli forces against Iranian territory.
In a more macro context, the vice-president of the European Central Bank (ECB), Luis de Guindos, assured this Monday that any possible monetary policy response, particularly the rise in interest rates, given the situation triggered by the Iran war "will depend on second-round effects."
In the corporate arena, this Monday it has been learned that Unicaja has confirmed "preliminary analyses" to undertake an operation with WiZink, without offering more details for now.
In this context, the main bullish values this Monday have been Mapfre (+0.78%), Unicaja (+0.72%), Bankinter (+0.72%), Rovi (+0.60%) and Repsol (+0.32%).
On the downside, the biggest drops have been concentrated in Acciona Energía (-2.08%), Inditex (-2%), Aena (-1.94%), Solaria (-1.77%), Banco Santander (-1.58%), Redeia (-1.56%) and Cellnex (-1.53%).
The rest of major European stock markets also finished in negative. London fell 0.17%; Paris, 0.29%; Frankfurt, 0.26%; and Milan, 0.17%.
In the sovereign debt market, the yield on the Spanish 10-year bond has risen to 3.552%, compared to 3.516% recorded at Friday's close. In this way, the risk premium against the German bond advanced two tenths, to 46 basis points.
In the foreign exchange market, the euro depreciated 0.12% against the dollar, to stand at an exchange rate of 1.1709 dollars per euro.