The FTSE MIB fell 0.6% to close at 48,355 on Tuesday as elevated oil prices and rising bond yields continued to pressure sentiment amid the prolonged stalemate between the US and Iran. Italy’s 10-year government bond yield moved closer to 4%, and the BTP-Bund spread widened. Major financial stocks traded lower, with UniCredit down 1.4% and Intesa Sanpaolo losing 0.9%. Eni slipped 0.6% after reports that the company is considering deploying a third floating liquefied natural gas platform offshore Mozambique. Other notable laggards included Prysmian (-5%), Tenaris (-1.8%), Stellantis (-0.7%), and Enel (-0.6%). In contrast, Ferrari jumped 3.5% after buying back 312,337 shares worth €91 million as part of its €3.5 billion multi-year share repurchase plan.