Oil Prices Surge Past $115 a Barrel

Europe Remains in the Red While U.S. Inflation Data Awaits

The Ibex 35 opened this Monday – the first trading day of the week – down more than 3 %, slipping below the 17,000‑point mark by 9:00 a.m. after a fresh wave of attacks in the Middle East sent commodity prices, especially oil and gas, soaring.

• The index opened at these levels following last Friday’s 7.01 % weekly loss, the worst weekly performance in the past four years.
• Investors are now focused on the upcoming U.S. inflation figures, as well as the movements of the dollar and gold.

Iran Does Not Surrender

In the conflict zone, Iran has appointed the son of the former Ayatollah as the new head of state, sending a clear signal that surrender is not being considered, at least in the medium term. The war is becoming increasingly complex for the aggressors, turning the region into a volatile powder keg.