Spain's IBEX 35 index fell 3.00% intraday to 19,050.36 points.

外交部：呼吁美伊双方落实好已经签署的谅解备忘录。（新华社）

Longode Bank analyst Robin Haworth says the window for oil companies to capitalize on higher prices linked to the Middle East conflict is very short. Major oil and gas stocks have not rerated significantly as investors view elevated profits as temporary. Haworth warns oil may be capped around $100/bbl, leaving limited upside. He sees opportunities in oilfield services to repair conflict damage. Structural capacity declines and Ukrainian strikes on Russian refineries are supporting refining margins, but as output and prices normalize he prefers financials, utilities and healthcare for more attractive opportunities.