Overview

The information contained in this work is the result of an economic and geopolitical analysis based on prospective scenarios, historical data and current economic models in the first quarter of 2026. Although the events described, including the conflict between the United States and Iran and the closure of the Strait of Hormuz, are treated as established facts within the framework of this crisis scenario, certain operational details and specific figures may be subject to revision depending on the rapidly evolving situation on the ground. This publication does not constitute financial investment advice. The markets mentioned (oil, currencies, stocks, bonds) are volatile, and the asset price data represents snapshots taken during the initial crisis period. Readers are encouraged to consult certified financial advisors before making investment decisions based on the trends described in these pages.

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