FTSE MIB Hits Record High as Oil Prices Slide

2026-05-25 15:57 By Isabela Couto 1 min. read

Italy’s FTSE MIB climbed 1.4% to a record close of 50,220 on Monday, supported by a sharp drop in oil prices amid growing expectations that the US and Iran were nearing an agreement to reopen the Strait of Hormuz.

Crude prices fell below $100 per barrel after senior US officials indicated that both sides were close to restoring the key Middle East shipping route, although final approval could still take several days.

Lower oil prices eased inflation concerns and prompted investors to scale back expectations for further interest rate hikes.

Financial stocks led gains, with UniCredit rising 2.7% and Intesa Sanpaolo adding 2.2%.

Luxury shares also advanced as risk aversion eased, with Ferrari up 2.8% and Moncler gaining 3.1%.

Other notable gainers included Stellantis (+2.9%) and Prysmian (+2.1%).

Nexi surged 6.5% after state-backed investor CDP Equity announced plans to increase its stake in the payments group to as much as 29.9%.

In contrast, Eni fell 1.1% on lower oil prices.



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