Spain’s benchmark IBEX 35 sank on 13 June after reports that Israel had struck Iranian nuclear facilities intensified concerns about Middle East supply risks and lifted crude prices. The index fell as much as 1.5% in midday trading, slid below the psychologically important 14,000-point mark and closed around 13,900, leaving it more than 2% lower for the week—its sharpest weekly setback in over two months. Travel and leisure shares led the retreat, while energy companies benefited from the jump in oil prices. Market sentiment stabilized when trading resumed on 16 June. The IBEX added about 0.9% in early dealings, recovering to just above 14,000 points as investors judged the immediate economic fallout from the Israel-Iran flare-up to be limited. Crude remained elevated but its advance moderated, easing some pressure on risk assets.