Spanish Prime Minister Pedro Sánchez has said it is unfair for people around the world to shoulder the cost of U.S.–Israeli attacks on Iran, warning that Spanish firms have already lost €100 billion ($116 billion) in less than a month as a result of the conflict.
“Every bomb that falls in the Middle East hits the wallets of our families,” Sánchez told the Spanish Parliament in Madrid on Wednesday (25 March), as he set out the reasons for his Socialist-led government’s opposition to the conflict.
“It is not fair that someone sets fire to the world and the rest of us have to swallow the ashes,” he added.
The €100 billion figure referred to the decline in the aggregate market capitalisation of Spain's blue‑chip IBEX index since Israel and the U.S. attacked Iran on 28 February.
Spain’s Parliament is expected to vote on a package aimed at helping citizens weather the economic fallout of the Middle East conflict on Thursday. The measures include reductions to fuel and electricity taxes and fuel subsidies to sectors most exposed to energy price spikes.
Sánchez, one of the most vocal supporters of Palestinians among Western leaders, also warned that Israel was seeking to inflict as much harm in Lebanon as it had in Gaza.
“An emboldened Israeli Prime Minister, Benjamin Netanyahu, aims to inflict on Lebanon the same destruction and suffering that was committed in Gaza,” he said.
On Tuesday, Israel’s Defence Minister announced the country’s intention to occupy southern Lebanon as part of its campaign against the Iran-backed Lebanese armed group Hezbollah.
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The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
Twelve people have been arrested in connection with an alleged extreme right-wing terrorism plot targeting a major Islamic gathering in Suffolk, prompting counter-terrorism police to declare a major incident and bring the event to an early close.
Ukraine and a group of key Western allies have launched a new air defence coalition to develop a European anti-ballistic missile system that will complement existing defences and reduce reliance on the costly U.S.-made Patriot system.
Two endangered loggerhead sea turtles have been released into the Mediterranean from Türkiye's Antalya province as part of a conservation project to track their migration and strengthen protection efforts.
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
The U.S. has launched fresh strikes on Iran after Tehran targeted a container ship and said it had again closed the Strait of Hormuz. Iran also claimed to have expanded attacks on U.S. military facilities across the Gulf.
Typhoon Bavi, the strongest storm to hit the eastern coast of mainland China this year, brought heavy rain, strong winds, flooding and landslides after making landfall in Zhejiang province on Sunday. More than 2.8 million people were evacuated to safety ahead of the storm.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
Qatar is mourning the death of its former ruler, Sheikh Hamad bin Khalifa Al Thani, who has passed away at the age of 74.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
Twelve people have been arrested in connection with an alleged extreme right-wing terrorism plot targeting a major Islamic gathering in Suffolk, prompting counter-terrorism police to declare a major incident and bring the event to an early close.
Ukraine and a group of key Western allies have launched a new air defence coalition to develop a European anti-ballistic missile system that will complement existing defences and reduce reliance on the costly U.S.-made Patriot system.
Russian athletes will once again be allowed to represent their country in international modern pentathlon competitions after the sport's governing body lifted restrictions on their participation, marking another step in Russia's return to international sport.
The AFC/M23 rebel movement is using its response to a small Ebola outbreak in eastern Democratic Republic of Congo as evidence of its ability to govern territory under its control, establishing parallel health structures and relying partly on support from neighbouring Rwanda.
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