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Economy

Economy

Portugal's economy explained: GDP data, market trends, business developments, inflation, real estate, and economic policy. Analysis of how economic trends affect daily life and expat finances.

Brent Cracks Below $100 to $99.55 on the Trump-Iran Hormuz De-escalation — Portugal's Energy-Shock Unwind Resets the Pump-Price Trajectory, Galp's Downstream Tail-Wind and the IMF Article IV's Fuel-Excise Recommendation

Brent Cracks Below $100 to $99.55 on the Trump-Iran Hormuz De-escalation — Portugal's Energy-Shock Unwind Resets the Pump-Price Trajectory, Galp's Downstream Tail-Wind and the IMF Article IV's Fuel-Excise Recommendation

Brent July futures cracked below $100 to $99.55 on Thursday, down 12.5% from Tuesday's $113.54 peak, after Trump paused the Hormuz Project Freedom escort initiative. The unwind resets pump-price trajectories and reframes the IMF Article IV fuel-excise recommendation.
The Portugal Brief
IMF Article IV Mission Pushes Lisbon to Reverse the IRS Jovem and the IVA Reduzido on Restaurants — Mission Chief Jean-François Dauphin Flags €693 Million in Lost 2026 Revenue and a 4.2% Inflation Path if the Iran War Drags Into 2027

IMF Article IV Mission Pushes Lisbon to Reverse the IRS Jovem and the IVA Reduzido on Restaurants — Mission Chief Jean-François Dauphin Flags €693 Million in Lost 2026 Revenue and a 4.2% Inflation Path if the Iran War Drags Into 2027

The IMF's 2026 Article IV concluding statement — released Tuesday in Lisbon — recommends Portugal reverse the IRS Jovem and the IVA reduzido on restaurants, replace the fuel-excise cut with targeted support, and link early retirement to the statutory age.
The Portugal Brief