The U.S. strategy under Treasury Secretary Scott Bessent aims to severely restrict Iran’s oil exports, aiming to cripple its economy. The approach relies heavily on economic sanctions designed to undercut Iran’s energy sector and diminish its military capabilities, like drone production. Global financial pressures are part of the plan, including severing Iran’s ties to international … Read more
Wheat prices around the world are on a downward trend as traders adopt a more optimistic outlook following recent developments in key wheat-producing regions. The main concern that had initially led to a price surge was the drought in Russia, a major wheat producer, and the tense conditions in the Middle East. However, the current … Read more
The Spanish economy experienced a growth of 0.8% in the second quarter, slightly lower than the previous quarter, reveals recent data from the National Statistics Institute. The growth was primarily driven by domestic demand, contributing 0.7 points, with a minor contribution from external demand (including exports and imports) adding 0.1 points. Household consumption saw a … Read more
Spanish economy is projected to experience robust growth in 2024 and 2025, surpassing estimates for the Eurozone, as per the latest report by the Organization for Economic Cooperation and Development (OCDE). The revised forecast indicates a GDP expansion of 2.8% for Spain in 2024, exceeding earlier predictions by 0.1%. Additionally, the outlook for 2025 stands … Read more
Fuel prices in Spain are on a positive trend, with a significant decrease of 0.95% recorded in the latest report by the EU Petroleum Bulletin. This decline marks the fifth consecutive drop, bringing relief to consumers across the country. The recent data signals a potential shift in the fuel market, offering hope for more affordable … Read more