Spain in the face of the new energy shock: a comparison with Europe
The recent escalation of the conflict in the Persian Gulf, with the outbreak of the war in Iran, has once again placed energy at the centre of the global economic agenda. Although the scope and duration of the conflict remain uncertain, markets, especially those for oil and natural gas, have reacted swiftly. In this context, we analyse where the Spanish economy stands in the face of this new energy shock.
16 April 2026
