Mar 10, 2026
3 min read
A barrel that reached 120 dollars and then fell below 90 caused concern to the stock markets, the US president announced that he would issue some oil sanctions to stabilize the market.
El anuncio de Trump sobre el final de la guerra le da la vuelta al precio del petróleo
The price of a barrel, which reached 120 dollars and then fell to less than 90 dollars, caused panic in the stock markets, while the US president announced the temporary suspension of some oil restrictions to stabilize the market.
Mar 9, 2026.11:32 pm Not a day for a very nervous cardiologist.This Monday, ten days after the start of the war in Iran, oil lived up to its name more than ever, as the price of oil exceeded $100 a barrel - its peak at 110 and around 120 points due to the bombing of oil facilities in the Middle East and traffic jams in the Strait of Hormuz.From 2022.Russia's invasion of Ukraine caused an energy crisis, forcing the government to minimize the damage to citizens' pockets.But after a tumultuous day, Donald Trump's announcement that the war would end reversed the trend in crude oil, sending its price flat but down.
In addition, the US president said on Monday that some oil sanctions will be suspended.Measures aimed at trying to stabilize prices and ensure the flow of oil.
A strong "shock".If the price of benchmark Brent oil in Europe closed at 92 USD last week, the increase was even higher this Monday.In the first period of the day, the price of crude oil rose up to 30%, which destroyed the growth of the entire previous week and touched the threshold of 120 dollars per barrel (that is, the price is working on 19) paper, and those who bet mainly on a short-term war and the cost per barrel does not exceed 100 dollars.
Yesterday, the reason for the explosive increase was the decision of Iraq, the Emirates and Kuwait - three of the biggest producers in the world - to reduce their production, raising the specter of an energy shock.However, the price pressure was released as the hours went by and, at nine in the evening, it collapsed to around 90 dollars per barrel: a 9 dollar drop in a few minutes and 40 in intraday volatility.The architect was Trump, who assured that the days of war were numbered.His words - as happened several times during the trade war - have turned the tables on a market eager for good news, despite its consistency.
Investors ran for shelter.Like communication ships, the sneeze in the oil market, due to the rise in prices and its use, spread a chill in trading standards around the world, which sealed the seat - added - red, and brought us back to the days after the war in Ukraine.
In this way, money, scared by the interpretation, stopped seeking refuge from the stock markets, like the behavior of Asian, European and American indices - from East to West and weakened by dependence on energy and raw materials.
This energy dependence was behind the collapse of Japan's Nikkei, which lost 7% in the worst part of the day but later eased back to 5%, as did Korea's Kospi.Meanwhile, Wall Street futures, with an adjustment of more than 1.5%, predicted corrections - which were eventually called for by the country's president.
But the selective Spanish did not escape the adjustments, given that this Monday the Ibex 35 stretched and lost more than 3%, around which other indices from the Old Continent also moved in the first part of the day.However, losses have decreased.On the Madrid Stock Exchange, the Ibex remained at the close of trading at a loss of only 0.86%, compared to 3% at the opening.Despite this, the national selective has lost the 17 points achieved last December and was 16,928 points, 146 less than last Friday.In a context of high volatility, only eight of the 35 Ibex managed to avoid the red.
Like the Spanish selective, the rest of the European seats corrected their initial falls, which ranged between the 0.98% that France's CAC 40 lost and the 0.83% that Frankfurt lost, while London and Milan lost 0.2 and 0.34% respectively.
Wall Street, meanwhile, opened in the red, with the Dow Jones down 1.33%, the S&P 500 down 1.24% and the tech-heavy Nasdaq up 1.18%.
rate increase
The market expects increases and Euribor rises to the highest level in a year.There is another variant of the unrest that the war shook the markets: the expected increase in interest rates.
Although the Spanish fixed income market is little changed for now, and the risk premium remains at 49.19 basis points, the yield on the 10-year bond is up 27 percent since February, 27 February, although the yield on the 10-year bond is slightly cheaper than on Friday (3.336% compared to 3.351%).In particular, European sovereign debt continues to rise, driven by alarming inflationary trends in energy.
In this situation, experts point out that it is possible that the European Central Bank (ECB) will strengthen its monetary policy to cool prices, as it did to curb inflation after the Russian attack on Ukraine.
Euribor was the reference rate in the interbank market, which was sensitive to the energy price crisis and the most used to determine the interest rates of variable mortgages in Spain.It was at 2.367% on Monday, a year-ago high as it hovered around 2.2% in March 2025.
While it is not known how long the conflict in the Middle East will last and whether the EURIBOR change in the exchange rate will eventually lead to an increase in house prices, the price of the money is coming.The North American currency strengthened by 0.20% against positive results in the last day, as it traded at 1.1594 per euro at the close of the European stock market.
For them, the safe-haven prices of gold and bitcoin traded high yesterday: the price of the precious metal exceeded $5,000 per ounce and $69,000 per second.
