Ibex 35 drops 3% as Trump threatens trade with Spain and Middle East tensions rise

valenciaplaza.com (Spanish)

The Ibex 35 fell nearly 3% due to US President Trump's threats to halt trade with Spain. Trump's comments followed Spain's refusal to increase defense spending to 5% of GDP. Geopolitical tensions in the Middle East also contributed to the market downturn. The oil price rose to $80 per barrel, and other European stock markets also experienced losses.


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