Brent crude surged 2.6% to $93.37 due to the escalation of the conflict between the United States and Iran. Wall Street fell, dragged down by uncertainty, and country risk hit monthly highs.
The price of Brent oil experienced a strong rebound this Thursday, driven by the escalating tensions in the Middle East. The international benchmark barrel rose by 2.6%, reaching $93.37, according to market data. The conflict between the United States and Iran, with threats over the Strait of Hormuz and Bab el-Mandeb, has heightened fears of disruptions in global crude supply.
US President Donald Trump warned that he would respond with bombings to any Iranian attack, which has increased uncertainty among investors. This geopolitical situation has affected financial markets, which recorded their worst day in a month.
Wall Street closed in the red, with the Nasdaq falling 0.57%, while the Dow Jones and S&P 500 also ended lower. The Philadelphia Semiconductor Index dropped more than 20% from its record, reflecting concerns over investments in artificial intelligence. ADRs plummeted by up to 9% and country risk reached its highest level in a month.
The market is awaiting quarterly results from major companies. Nearly 10% of S&P 500 companies have already published their accounts, and 90% of them have exceeded expectations. However, uncertainty persists, especially in the technology sector, where Alphabet and Tesla are in the spotlight for investors.
Spanish SMEs that rely on imported inputs or export products may be affected by the rising cost of crude. Transportation and production costs could increase, reducing profit margins. Additionally, volatility in international financial markets could tighten credit access conditions.
In light of this scenario, experts recommend reviewing production costs and adjusting financing strategies to mitigate the impact of oil fluctuations. The evolution of the conflict in the Middle East and upcoming macroeconomic data will determine market trends in the coming weeks.
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