Ibex 35 starts the session with a rise of 0.59% and stands at 19,632.4 points. Brent climbs 0.6% to $103.2 per barrel, while Iran awaits the US response to its plan for the Strait of Hormuz.
The Ibex 35 has begun this Wednesday's session with a rise of 0.59%, allowing it to reach 19,632.4 points and surpass the 19,500 mark maintained on Tuesday. European markets are also opening positively: Milan is up 0.5%, Frankfurt and London 0.7%, and Paris 0.3%.
Investor attention is focused on the Middle East. Iran's Foreign Minister, Abbas Araqchi, has stated that Tehran is awaiting an official response from Washington to its "seven-point plan" for the reopening of the Strait of Hormuz, according to elperiodico.com. The proposal was conveyed to the US side through the Qatari mediator.
"If the Americans claim they are seeking an agreement or a peaceful solution, we present that solution"
Araqchi specified that a representative from Qatar met with the Iranian delegation on Tuesday and is confident that the definitive response from the United States will arrive before Wednesday through that same channel. The minister emphasized that the conditions set by the supreme leader for the reopening of the strait are "completely fair and reasonable."
In the energy market, the price of Brent oil, the European benchmark, rose 0.6% at the opening of European stock exchanges, reaching $103.2 per barrel. The West Texas Intermediate (WTI) crude, the US benchmark, increased by 0.3%, to $89.6 per barrel.
In the Spanish macroeconomic sphere, the Statistical Information Centre of Notaries (CIEN) has reported that home sales fell 11.1% in July 2026, to 65,395 units, marking seven consecutive months of year-on-year declines. The average price per square meter rose 7.7%, to €2,112/m2.
In the business sector, Indra announced yesterday after the market closed the approval of the departure of five senior executives linked to the previous stage of Ángel Escribano and the merger of the Defence and Space units into a single general direction, led by Juan Ramón Hernández, and the Air Traffic and Mobility divisions under the general direction of ATM, occupied by Víctor Martínez.
In the early stages of trading on the Madrid Stock Exchange, the biggest gains in the Ibex 35 were seen by IAG (+1.6%), Acciona (+1.5%), Redeia (+1.1%), and Acciona Energía (+1%). On the downside, the largest declines were for Cellnex (-0.8%), Repsol (-0.3%), and Telefónica (-0.15%).
The session will continue to monitor the evolution of crude oil and any official communication from Washington or Tehran regarding the Strait of Hormuz, a key passage for global energy supply.
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