Spain's Prime Minister Pedro Sánchez has called an early general election for 29 November 2026, driven by a need to secure a parliamentary majority after a failed housing bill.
Amid growing challenges, including political deadlock and corruption accusations, Sánchez aims to galvanize his left-wing base in response to mass protests over housing affordability.
Meanwhile, the Middle East continues to influence oil prices as renewed military presence by the US raises tensions, contributing to fluctuating market conditions.
In the coal sector, Russian exports to China are facing challenges due to rising logistics costs and competition from Mongolia and Indonesia, while Europe prepares for a winter of low natural gas inventories, grappling with heightened prices and supply uncertainties due to ongoing geopolitical tensions.