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Yes. It is where Spain and Portugal are. See the image below.
The Iberian peninsula is a part of Europe which contains Spain and Portugal, and which is the westernmost part of Europe.
The country that shares the Iberian Peninsula with Spain is Portugal. The Iberian Peninsula is located in southwestern Europe and is bordered by the Atlantic Ocean and the Mediterranean Sea. Portugal occupies the western part of the peninsula, while Spain covers the majority of the eastern and northern regions.
In the south of Europe, in the Iberian peninsula.
Spain is on the Iberian Peninsula in southwest Europe.
The Iberian Penisula is part of Europe but separated from the bulk of Europe by the Pyrenees Mountains.
The continent of Europe (or Eurasia in a five-continent-model) holds both the Iberian and Balkan Peninsulas.
The Iberian peninsula.
The Iberian peninsula consists of Spain and Portugal which are part of the European continent.
The Iberian Peninsula is separated from the rest of mainland Europe by the Pyrenees Mountains.The Iberian Peninsula is separated from the rest of mainland Europe by the Pyrenees Mountains, but it would be wrong to say it is isolated. It is part of mainland Europe and it is easy to travel to it, even through the mountains. Lots of people travel to the Iberian peninsula for holidays and other reasons.
Portugal is an independent republic in southwestern Europe. Portugal is located along the west coast of the Iberian Peninsula. Portugal shares the Iberian Peninsula with its next-door neighbor, Spain; and with the British colony of Gibraltar, the Principality of Andorra, and a small part of France. The Iberian Peninsula is bordered by the Atlantic Ocean and by the Mediterranean Sea.