In arid and semiarid regions from Argentina, where the main olive production areas are located, evapotranspiration is high and rainfall is minimal during winter and spring months, as compared with the Mediterranean region where winter rainfall precludes the need of irrigation in such period. The aim of the work was to study water relations, biochemical–physiological and yield responses of olive trees (Olea europaea L., Arbequina and Manzanilla cultivars) under different drought stress levels applied during the pre-flowering–flowering period. Increasing levels of water deficit affected plant water relations as measured by pronounced drops of stem water potentials (near −4.0 MPa) in treatments with severe water deprivation at the end of the f...