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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Iran has rejected a U.S. proposal to end the war, insisting any ceasefire will occur only on its own terms and timeline, according to a senior political-security official speaking to state-run Press TV on Wednesday.
An opposition politician in Georgia has been sentenced to 18 months in prison for defacing an election banner, prompting strong reactions at home and abroad.
Uzbekistan has launched the next phase of its first nuclear power plant (NPP) project, with initial concrete works now under way at the construction site in the Farish district of the Jizzakh region, according to the national atomic energy agency, Uzatom.
Marine Le Pen, leader of France’s far-right National Rally (RN), said on Wednesday that the U.S. had “clearly made a mistake” in launching strikes on Iran, arguing Washington misjudged the resilience of the Iranian regime.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East as the rest of the world battle with the consequences of the war. Welcome to AnewZ's coverage of the tensions in the Middle East.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
Danish Prime Minister Mette Frederiksen resigned on Wednesday after her coalition suffered a heavy election defeat, triggering negotiations over who will form the next government.
Iran launched multiple waves of missiles at Israel, the Israeli military said, after U.S. President Donald Trump postponed a threat to bomb the Islamic Republic's power grid because of what he described as productive talks with Iranian officials.
Marine Le Pen, leader of France’s far-right National Rally (RN), said on Wednesday that the U.S. had “clearly made a mistake” in launching strikes on Iran, arguing Washington misjudged the resilience of the Iranian regime.
Russia’s Baltic ports of Primorsk and Ust-Luga, major export terminals, suspended loadings of crude oil and refined products on Wednesday after large-scale Ukrainian drone attacks triggered a blaze, sources told Reuters.
The UK government is to trial social media bans, curfews and app time limits in the homes of 300 teenagers, as part of a wider consultation on restricting under-16s’ access to platforms and improving online safety.
Hungary will gradually halt gas supplies to Ukraine until oil deliveries resume via the Druzhba pipeline, Prime Minister Viktor Orbán said on Wednesday.
Danish Prime Minister Mette Frederiksen's Social Democrats were headed for their worst election outcome in more than a century on Tuesday, as migration and welfare concerns obscured broad support for her defiant stance toward Washington over Greenland.
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