As of Monday, April 20, 2026, Brent crude is trading near $100 per barrel, triggered by the military blockade of the Strait of Hormuz. In Spain, the IBEX 35 has dropped below 17,400 points as airlines like IAG and transport firms face soaring fuel costs. For the international and local community, the immediate consequence is a predicted 8 to 10 cent per liter hike at petrol stations… Source