FTSE MIB Slips as Iran Tensions Reignite Oil Surge

2026-04-13 15:47 By Isabela Couto 1 min. read

The FTSE MIB lost 0.2% to close at 47,532 on Monday amid worsening geopolitical conditions after failed US-Iran negotiations and US Navy preparations to blockade Iranian ports.

Oil prices surged, reigniting inflation fears amid supply-shock risks, lifting bond yields and reviving worries over weaker credit demand and potential rate hikes, pressuring financials.

UniCredit shed 0.5%, while BPER and BPM each lost nearly 1%.

Luxury stocks also declined on rising risk aversion, with Ferrari down 0.8%, Moncler down 2.5%, and Brunello Cucinelli down 2%.

In the auto sector, Stellantis fell 2.9%.

In contrast, Leonardo gained 2.6% amid escalating Middle East tensions.

Elsewhere, Poste Italiane rose 2.6% and TIM advanced 2.5%.



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FTSE MIB Slips as Iran Tensions Reignite Oil Surge
The FTSE MIB lost 0.2% to close at 47,532 on Monday amid worsening geopolitical conditions after failed US-Iran negotiations and US Navy preparations to blockade Iranian ports. Oil prices surged, reigniting inflation fears amid supply-shock risks, lifting bond yields and reviving worries over weaker credit demand and potential rate hikes, pressuring financials. UniCredit shed 0.5%, while BPER and BPM each lost nearly 1%. Luxury stocks also declined on rising risk aversion, with Ferrari down 0.8%, Moncler down 2.5%, and Brunello Cucinelli down 2%. In the auto sector, Stellantis fell 2.9%. In contrast, Leonardo gained 2.6% amid escalating Middle East tensions. Elsewhere, Poste Italiane rose 2.6% and TIM advanced 2.5%.
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