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 explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis that killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
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The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukrainian President Volodymyr Zelenskyy said on Monday that Ukraine is ready to respect the energy ceasefire announced by U.S. President Donald Trump, but only if Russia does the same, saying Moscow has already violated the agreement.
China has announced sanctions against Belize’s foreign minister and Paraguay’s communications minister over their countries’ diplomatic ties with Taiwan. The move comes as Beijing continues to pressure the few remaining nations that maintain formal diplomatic relations with Taipei.
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