The Ibex 35 has concluded Monday's session with an advance of 1.04%, up to 16,888.2 points, after starting the day with slight declines and having reached a high of around 17,150 points during the day.
The main index of the Spanish Stock Exchange has reacted strongly after it became known that the president of the United States, Donald Trump, decided “to postpone all military attack” against Iran’s power plants for a period of five days.
This announcement came after Saturday gave Tehran a 48-hour ultimatum to reopen the Strait of Hormuz or face possible bombings on its energy infrastructure, although this Monday announced that he was postponing those attacks for five days after "very good conversations" with Tehran, something denied by the Iranian regime.
It has been the president of the Iranian Parliament, Mohamed Baqer Qalibaf, who has denied Trump, denying that any type of negotiation with Washington exists and has attributed the announcement by the US president, about the imminence of an agreement with Tehran, to an attempt to influence crude oil prices.
Situation "very serious"
The director of the International Energy Agency (IEA), Fatih Birol, has described the current energy crisis as “very serious”, linked to the blockade of the Strait of Hormuz and attacks against energy facilities in the Middle East. Furthermore, he has warned that “no country” will be “immune” to its consequences and has called for a joint “global effort” to confront it.
Despite Washington's message, traffic in the Strait of Hormuz remains practically paralyzed by Iran's threats, which has shown no signs of backing down. This maritime passage is a neuralgic point through which nearly a fifth of the world's seaborne oil trade passed, in addition to a significant volume of liquefied natural gas and fertilizers.
Given this scenario, the European Commission has urged Member States this Monday to coordinate the start of the gas filling campaign and preparations for next winter, given the high volatility of energy markets derived from the conflict in the Middle East.
Consequences in the industry
In the macroeconomic sphere, it has been published that the industry's turnover plunged by 6.3% in January compared to the same month of 2025, which represents its biggest decline since April 2025, when it fell by 7%.
Among the selective's values, the biggest gains at closing were registered in ArcelorMittal (+5.19%), IAG (+4.61%), Banco Santander (+4.05%), Fluidra (+3.83%), Puig (+3.59%) and BBVA (+2.87%). On the side of the declines, Repsol (-6.47%), Redeia (-3.02%), Indra (-2.93%), Naturgy (-2.30%) and Cellnex (-1.48%) stood out.
Oil lower
At the end of the European session, the Brent barrel retreated by 9.95%, to 101 dollars, while West Texas Intermediate (WTI) stood at 89.32 dollars, with a fall of 9.03%.
The main European markets have closed mostly in positive territory, with the exception of London, which has fallen by 0.24%. Paris has advanced by 0.79%; Frankfurt, by 1.22%; and Milan, by 0.81%.
In the debt market, the yield on the Spanish 10-year bond has fallen to 3.515%, from the 3.579% registered at Friday's close. Consequently, the risk premium against the German bond has decreased by just over two points, to 51 basis points.
In the foreign exchange market, the euro appreciated 0.24% against the greenback, to stand at an exchange rate of 1.1598 dollars per euro.