Real Madrid is a European champion again beating Club Brugge in UEFA Youth League final

LAUSANNE, Switzerland (AP) — Real Madrid has at least earned one trophy this season and become a European champion again on Monday.

Madrid won the UEFA Youth League final — effectively the Champions League for under-19 teams — by beating Club Brugge in a penalty shootout after a 1-1 draw on a sun-splashed evening in Switzerland.

Madrid goalkeeper Javier Navarro was key to a 4-2 shootout win, saving from Brugge's Naim Amengai and Tian Koren.

The Spanish power’s second title in the 12-year history of the UEFA youth competition came five days after elimination in the Champions League quarterfinals, where Madrid fielded no homegrown academy players in the starting lineup against Bayern Munich.

Club president Florentino Perez was present on Monday at the stadium of Swiss club Lausanne-Sport alongside UEFA president Aleksander Ceferin. Two months ago, Madrid and UEFA settled a years-long dispute over the failed breakaway Super League project driven by Perez.

Ceferin presented the players' medals and put his right arm around the shoulders of his fellow Slovenian Koren to console the tearful 16-year-old.

Madrid defender Diego Aguado scored the decisive spot kick beyond the dive of Brugge goalkeeper Argus Vanden Driessche. The teams went directly to a shootout without playing extra time.

It was the second shootout win for Madrid in three days, after Navarro's saves helped the team beat Paris Saint-Germain on Friday in the semifinals, which also finished 1-1 on Lausanne's artificial turf.

On Monday, Madrid dominated the early play and influential winger Daniel Yáñez came close to scoring three times.

The lead came in the 23rd minute when center forward Jacobo Ortega scored from a deft flick with his right heel in the goalmouth. The Brugge defense was in nervous turmoil and Madrid twice had chances in the next 90 seconds to double the lead

Brugge leveled in the 64th when Tian Koren’s surging run and low cross across the goal was met by Tobias Lund Jensen.

Madrid joined Chelsea with two UEFA Youth League titles. Barcelona has three, including last year.

Barcelona has a clear lead over Madrid in Spain's La Liga, and Real Sociedad won the Copa del Rey on Saturday, leaving Madrid's star-studded first team trophyless for a second straight season.

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Real Madrid's Carlos Diez celebrates the victory during the Youth League final soccer match between Club Brugge and Real Madrid in Lausanne, Switzerland, Monday, April 20, 2026. (Jean-Christophe Bott/Keystone via AP)

Real Madrid's players celebrate with the trophy after winning the Youth League final soccer match between Club Brugge and Real Madrid in Lausanne, Switzerland, Monday, April 20, 2026. (Jean-Christophe Bott/Keystone via AP)

UEFA President Aleksander Ceferin, left, and Real Madrid's president Florentino Perez, right, watch the Youth League final soccer match between Club Brugge and Real Madrid in Lausanne, Switzerland, Monday, April 20, 2026. (Jean-Christophe Bott/Keystone via AP)

UEFA President Aleksander Ceferin, left, and Real Madrid's president Florentino Perez, right, watch the Youth League final soccer match between Club Brugge and Real Madrid in Lausanne, Switzerland, Monday, April 20, 2026. (Jean-Christophe Bott/Keystone via AP)

Real Madrid's Daniel Yanez, left, and Club Brugge's Andre Garcia, right, challenge for the ball during the Youth League final soccer match between Club Brugge and Real Madrid in Lausanne, Switzerland, Monday, April 20, 2026. (Jean-Christophe Bott/Keystone via AP)

Real Madrid's Daniel Yanez, left, and Club Brugge's Andre Garcia, right, challenge for the ball during the Youth League final soccer match between Club Brugge and Real Madrid in Lausanne, Switzerland, Monday, April 20, 2026. (Jean-Christophe Bott/Keystone via AP)

NEW YORK (AP) — Oil prices climbed Monday following the latest rise of tensions between the United States and Iran, but the moves were more modest than they were earlier in the war. U.S. stocks, meanwhile, gave back a bit of their record-breaking rally.

The S&P 500 slipped 0.3% from its all-time high and is on track for just its second drop in 14 days after the United States seized an Iranian-flagged cargo vessel that it said had tried to evade its blockade of Iranian ports. The Dow Jones Industrial Average was down 37 points, or 0.1%, with less than an hour remaining in trading, and the Nasdaq composite was 0.3% lower.

The price for a barrel of Brent crude oil, the international standard, climbed 5.6% to settle at $95.48 on worries that Iran could keep petroleum pent up in the Persian Gulf if it continues to block tankers from exiting the Strait of Hormuz.

It’s a turnaround from the last trading day on Wall Street, when stocks soared and oil prices tumbled after Iran said Friday it was reopening the strait to commercial traffic. That enthusiasm vanished quickly after Iran closed the strait again Saturday following the U.S. decision to press ahead with its blockade of Iranian ports.

The next big deadline is looming on Tuesday night at 8 p.m. Eastern time, which is early Wednesday Tehran time, when a ceasefire agreement between the United States and Iran is scheduled to expire.

Still, oil prices remain well below the high points reached so far in the war. Brent crude’s price briefly got above $119 per barrel when fears were at their highest. And the S&P 500 is still above where it was before the war.

Monday's relatively muted moves suggest investors still see a possibility of a U.S.-Iranian agreement that could get oil flowing again from the Middle East to customers worldwide. It would be in both countries’ economic interests to end the war.

Companies with big fuel bills fell to some of Wall Street’s larger losses following the rise in crude’s cost, as they have through much of the war.

Norwegian Cruise Line Holdings dropped 3.8%, and Carnival lost 1%.

United Airlines sank 2.5%, and American Airlines fell 4.3% after American said it’s not interested in a merger with United. Airline stocks had flown higher last week following a report saying United wanted to combine with its rival.

On the winning side of Wall Street was TopBuild, a distributor of insulation and building products, which jumped 18.7%. QXO is buying it in a deal valued at roughly $17 billion.

QXO said the deal would make it the continent’s second-largest publicly traded building products distributor, and its stock fell 4.1%.

One big reason the U.S. stock market has been so strong recently is the big profits that U.S. companies have been reporting for the first three months of 2026, as well as expectations for continued growth.

While reporting stronger profits for the latest quarter than analysts expected, several of the biggest U.S. banks said last week that they see the U.S. economy remaining resilient, particularly because of solid spending by U.S. consumers.

“Despite geopolitical risks, the earnings recovery remains intact,” according to Morgan Stanley strategists led by Michael Wilson. It’s remained so solid that analysts have even raised their profit expectations since the war began for the spring of 2026.

Along with JPMorgan Chase, Bank of America and other big banks, about 10% of companies in the S&P 500 have already reported their results for the start of 2026. Nearly nine out of 10 have delivered a bigger profit than analysts expected, according to FactSet.

If the rest of the companies in the index match analysts' expectations, overall earnings per share for S&P 500 companies will end up 13% higher than a year earlier, according to FactSet.

That's big because stock prices tend to follow the path of corporate profits over the long term. Other big companies scheduled to report their results this week include UnitedHealth Group on Tuesday, Tesla on Wednesday and Procter & Gamble on Friday.

In stock markets abroad, indexes fell in Europe following a better finish in Asia. Germany’s DAX lost 1.2%, and Hong Kong’s Hang Seng added 0.8% for two of the world’s bigger moves.

AP Business Writers Matt Ott and Elaine Kurtenbach contributed to this report.

Trader Michael Milano, left, works on the floor of the New York Stock Exchange, Monday, April 20, 2026. (AP Photo/Richard Drew)

People work on the floor at the New York Stock Exchange in New York, Monday, April 13, 2026. (AP Photo/Seth Wenig)

People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, April 20, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, April 20, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A broker watches his screens at the stock market in Frankfurt, Germany, Friday, April 17, 2026. (AP Photo/Michael Probst)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters, in Seoul, South Korea, Friday, April 17, 2026. (AP Photo/Ahn Young-joon)

People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, April 20, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

People work on the floor at the New York Stock Exchange in New York, Monday, April 13, 2026. (AP Photo/Seth Wenig)