Middle East war forces Portugal to be more surgical in public debt issuance (eco.sapo.pt)

• US-Israeli airstrikes on Iran increase geopolitical uncertainty.
• Portugal adapts public debt issuance to minimize borrowing costs.
• IGCP monitors market and adjusts auction schedule.

"Heightened geopolitical uncertainty from US-Israeli airstrikes on Iran has forced Portugal to adopt a more cautious approach to public debt issuance. IGCP President Pedro Cabeços stresses the need to carefully gauge market appetite and adjust the issuance calendar to minimize borrowing costs amid volatility. Portugal's relatively high debt levels make it particularly sensitive to external shocks."