Storm Marta Threatens Spain and Portugal After Leonardo Floods
Analysis based on 67 articles · First reported Feb 04, 2026 · Last updated Feb 08, 2026
The severe flooding and storm damage in Spain and Portugal are expected to negatively impact the insurance and construction industries due to extensive property damage and reconstruction costs. The agricultural sector will also suffer significant losses, potentially affecting food supply chains and prices.
The Iberian Peninsula, specifically Spain and Portugal, is grappling with severe flooding and storm damage caused by Storm Leonardo and the impending Storm Marta. This follows previous devastation from Storm Kristin. Portugal has reported one death from Storm Leonardo, with an estimated damage exceeding 4.7 billion euros, leading to the deployment of over 26,500 rescuers and the postponement of presidential elections in some municipalities. Spain's southern region of Spain===Andalusia has been particularly affected, with evacuations and a search for a missing woman. Both countries' meteorological agencies have issued warnings for further floods, landslides, and strong winds. Prime Ministers Pedro Sánchez of Spain and Luís Montenegro of Portugal have visited affected areas, with Montenegro's government already approving a 2.5 billion euro reconstruction plan. Scientists attribute the increasing frequency and intensity of such extreme weather events to human-driven climate change.
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