Reuters reports that Spanish markets declined following a renewed trade threat from former President Trump.

The Spanish government is considering financial aid for its solar industry struggling with oversupply and negative wholesale power prices.

WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.

President Trump said he would handle a possible Red Sea blockade if it occurs.

European indices show mixed performance: France's CAC 40 down 0.45%, Spain's IBEX down 0.45%, Britain's FTSE 100 up 0.12%, and Germany's DAX down 0.35%.

Spain approves the hiring of Chinese workers at the CATL plant until 2028.

Spain's final June EU-harmonized inflation was 3.6% year-over-year.

The Wall Street Journal reports that the Treasury, USTR, and Commerce will collaborate on a list of Spanish goods.

ZeroHedge reports President Trump told Treasury Secretary Bessent to halt US trade with Spain, calling Madrid a 'wasted cause'.

Spain and Portugal are increasing scrutiny of their rising property markets due to early overheating signs, but regulators are unlikely to intervene heavily given the distance from past boom-and-bust cycles.

European index opening prints: DAX +0.25%, FTSE -0.43%, CAC -0.03%, Stoxx 50 +0.02%, IBEX -0.16%, FTSE MIB -0.05%.