Last July, Europe experienced its sixth warmest month and the driest average rainfall, leading to record temperatures and droughts, particularly in the west and south. The heat and drought are having a significant impact on the economy, especially the agricultural sector. Olive growers in southern Spain are facing significant losses due to extreme drought, with some areas seeing as little as 10% of their average production. The situation is further exacerbated by three heatwaves since May and a study suggesting the Iberian Peninsula's aridity levels have not been this low in a thousand years. The situation is critical, with water reserves at only 30% of capacity, and the risk of water shortages looming. The potential loss of crops, such as olives and mustard in France, could have significant economic implications, especially given Spain's role as a major producer of olive oil.