IBOV 169,186.42 ▼ 1.06% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL5.36▼ 0.39% USD/MXN18.86▼ 0.03% USD/CLP992.35▲ 0.41% USD/COP3,169▲ 0.06% USD/PEN3.46▼ 0.03% USD/ARS1,538▼ 0.03% USD/UYU40.10▲ 2.93% USD/PYG5,838▲ 3.12% USD/BOB12.05▲ 3.19% USD/DOP60.40▲ 0.47% USD/CRC451.45▲ 2.56% USD/GTQ7.64▲ 3.30% USD/HNL26.87▲ 0.45% USD/NIO36.62▲ 0.07% USD/VES887.03▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.76% USD/TTD6.72▲ 2.21% EUR/BRL6.02▲ 0.99% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 169,186.42 ▼ 1.06% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Friday, October 30, 2026

Europe Politics & Security Europe & Latin America

Spain’s Opposition Wants Rail Minister Out

By · October 30, 2026 · 4 min read
Óscar Puente, Spain’s Transport Minister, holding his ministerial briefcase
File photo: Óscar Puente, Spain’s Transport Minister. Photo: José Manuel Álvarez, Pool Moncloa (government press pool).

Published Friday, 30 October, 7:30 a.m. ET (12:30 p.m. Madrid) · Source: Partido Popular statements, Spanish Congress, Government of Spain

Spain’s main opposition party has stopped waiting for the investigators. The Popular Party (PP), the conservative party that leads the polls, said on Friday, 30 October, that Transport Minister Óscar Puente must resign or be dismissed over the Urda train crash, and should be gone before he faces lawmakers on Tuesday.

The demand comes a month before Spain’s general election. At least 69 people died on Wednesday, 28 October, when a Renfe AVE (a state-run high-speed train) and an Iryo (a private high-speed operator) train collided near Urda, a town in Toledo province south of Madrid.

Key Facts

  • Who: The Popular Party, Spain’s main conservative opposition, wants Transport Minister Óscar Puente out.
  • Why: At least 69 people died in the Urda train collision on Wednesday, 28 October.
  • What next: Puente is due before a parliamentary standing committee on Tuesday, 3 November; the government has not dropped him.
  • Election: Spain votes on Sunday, 29 November; Prime Minister Pedro Sánchez trails in prediction markets.
  • Prediction markets: Kalshi, a US-regulated exchange, gave conservative leader Alberto Núñez Feijóo 84% and Sánchez 14% to be next prime minister (7:16 a.m. ET, 30 October).

This story is part of our coverage of the Spain Election 2026. Dates, times and how to follow it are in our guide.

Latest: Spain's Housing Costs Outrun Wages in 2026

In plain English

The PP is Spain’s main conservative party, led by Alberto Núñez Feijóo. Óscar Puente belongs to the Socialist government of Prime Minister Pedro Sánchez and runs the transport ministry.

Parliament is closed for the election, so a small standing committee, the Diputación Permanente, handles urgent business. Puente has asked to appear there to explain the crash.

What the PP Demanded

Ester Muñoz, the PP’s spokesperson in Congress, said Puente “no debería llegar al martes” (should not reach Tuesday). If he does not resign, she added, he should be dismissed.

The PP has also asked that Prime Minister Pedro Sánchez appear before the standing committee. Its national spokesman, Borja Sémper, went further, calling Puente’s fate “irrelevant” and saying the responsibility goes beyond the minister and reaches Sánchez.

Why Puente Is Under Pressure

The crash came months after another deadly high-speed accident at Adamuz, in Córdoba province, in January. Opposition and some coalition partners say two disasters in one year demand a political price. We covered the first reaction when a Basque ally pressed Sánchez on the rail minister.

Sumar, a left-wing coalition partner, joined ERC (Catalan separatists) and Podemos (a hard-left party) in asking Puente to appear before Congress. He then requested the appearance himself, set for Tuesday, 3 November.

What Prediction Markets Say

Kalshi, an exchange regulated in the US by the Commodity Futures Trading Commission (CFTC, the US derivatives regulator), priced Alberto Núñez Feijóo at 84% and Sánchez at 14% to be prime minister after the election. That was at 7:16 a.m. ET on 30 October (12:16 p.m. Madrid).

On Polymarket, a second exchange, the PP was at 85% to win the most seats, with US$272,615 traded. These prices are bets, not polls.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

What This Means for US Readers

Spain is the euro area’s fourth-largest economy and a NATO member, and a government fighting for survival over a rail disaster is a risk factor for investors. Visitors who use Spain’s high-speed trains will want to see what investigators find; our report on the crash has the basics.

Our Spain election polls page shows whether the row moves voters.

What Is Not Known

Investigators have not published a cause, and investigators have not said why the two trains were on the same stretch of track. The death toll may still change.

The government has not said whether Puente will stay, and the hour of Tuesday’s appearance was not confirmed here. It is also unclear whether Sánchez will appear.

Frequently Asked Questions

What is the PP demanding after the Urda crash?

It wants Transport Minister Óscar Puente to resign or be dismissed before Tuesday’s parliamentary appearance. It also wants Prime Minister Pedro Sánchez to appear and take responsibility.

When will Puente appear in parliament?

He is due before the Diputación Permanente, a standing committee that acts while parliament is closed for the election, on Tuesday, 3 November 2026.

Sources: Statements by the Partido Popular (pp.es), Spanish Congress of Deputies (congreso.es), Government of Spain (lamoncloa.gob.es), Kalshi and Polymarket market data.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Free · Any country in the world · Prediction markets
Want prediction market reports on your country?
Pick any country in the world. Your report arrives the moment you confirm, then every Sunday: what the markets say about elections, currencies and policy there, with volumes and plain-English explanations.
Free. We first send you an email to confirm your address, and nothing else arrives until you click its link. You then get your country report right after you confirm, then every Sunday and our free daily briefing for your region. Unsubscribe with one click at any time; see our privacy policy.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Venezuela promises a vote but sets no date”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.