The crisis in the Middle East is causing chaos in countries across the world, but Portugal is showing much more resilience than most.
The reason for this is Portugal's development and dependence on renewable energy such as solar and wind rather than fossil fuels such as oil. Portugal does import some oil, but from North Africa and the United States, not the Middle East.
The conflict in the Middle East and particularly the blockade of the Strait of Hormuz is causing worldwide inflation. Steep rises in costs of international transportation have sharply increased prices in Portugal and elsewhere of petrol and diesel for car owners and commodities such as food.
It is hoped that peace talks in the Middle East will return things to normal as soon as possible.
Portugal had to weather a financial crisis of its own between 2010 and 2014. Having restructured its economy since then, last year was marked by high exports, increased tourism revenue, thus outpacing most other European Union countries.
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