Mohammad Shahid

Escalating US–Iran tensions lifted Brent and WTI prices while triggering declines in major equity indexes and pushing Treasury yields higher. Trump’s order to halt trade and official visits with Spain drove the IBEX 35 and major Spanish bank stocks lower and raised Spanish bond yields amid uncertainty over the feasibility of a full embargo. At the NATO summit, Trump backed tougher Russia sanctions and approved a license for Ukraine to manufacture Patriot air‑defense systems, signaling increased economic and military pressure on Moscow and potential shifts in global energy and defense markets.