And now that Iran is over, what can we expect for the rest of the year?

BarcelonaThe truth is that in January everything looked good: sales growth, controlled inflation and interest rates falling. It seemed like a perfect year from an economic point of view. Today, however, it couldn't be further from reality. Oil at $100 – even if it was only for a month or so – has altered everything. You already know: when energy goes up, all prices go up. And, even though the conflict has cooled down, the price isn't coming down. It's raining on a wet field and we are amplifying inflationary pressure.For families, the impact is increasingly serious. Not only is there inflation, but Euribor has also risen and, consequently, mortgages will become more expensive. Furthermore, interest rates have not fallen and, right now, the best news would be that they do not rise again in the coming months.Meanwhile, stock markets have turned a page on the conflict and are once again marking historic highs. Two months ago it seemed like the world was ending and that no company was worth anything; today, on the other hand, the vast majority are, apparently, essential again. And it is here where the big unknown appears: what has really changed in just a few weeks? The conflict has cooled down, yes, but its effects remain fully in force in the form of high energy costs and pressure on prices. Rarely have I seen the stock market and oil at their highs at the same time.In the current context, not everyone is winning. Energy and banking benefit from high prices and high rates, while families, especially indebted ones, suffer the consequences. Inflation and the rising cost of mortgages reduce consumption and accentuate growing inequality. And, in the end, families keep taking economic blows, one after another, in a situation that has long been critical. I'm sorry, 2026 will not be better.