The Ibex rises 0.7% and approaches record highs while the price of oil falls by more than 5% after dialogue with Iran resumes

The Spanish Ibex 35 index rose by approximately 0.7% during the first trading session of August, reaching 19,917.7 points and nearing historic highs. Market performance was bolstered by a decline of more than 5% in global oil prices, a shift attributed to the reopening of diplomatic dialogue with Iran.

Simultaneously, the Iranian government executed two men convicted of espionage on behalf of the Israeli intelligence agency, Mossad. The individuals were accused of providing Israel with sensitive data, including coordinates and imagery of Iranian military and security installations during the ongoing conflict.