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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Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military command infrastructure.
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The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
China has launched three taikonauts to its Tiangong space station, including one crew member set to spend a full year in orbit in one of the longest planned space missions ever attempted.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
Police fired tear gas and clashed with protesters in central Belgrade on Saturday, as tens of thousands gathered to demand early elections and an end to the more than decade-long rule of Serbia's President Aleksandar Vučić.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
Russia has warned foreign nationals to leave Kyiv, saying it has launched a new wave of strikes targeting Ukraine’s defence industry and military command infrastructure.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
China has launched three taikonauts to its Tiangong space station, including one crew member set to spend a full year in orbit in one of the longest planned space missions ever attempted.
Chinese President Xi Jinping praised the “unbreakable friendship” between China and Pakistan as he met Pakistani Prime Minister Shehbaz Sharif in Beijing on Monday, a day after companies from both countries signed cooperation agreements worth $1.22 billion.
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