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Spain Approves €5 Billion Aid Amid Iran War Concerns

3/27/2026

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Story summary
  • Spain's parliament approved a €5 billion package on March 26, 2026, to mitigate the economic effects of the Iran war, including significant cuts to energy taxes.
  • Prime Minister Pedro Sánchez warned that the conflict could have severe economic repercussions, likening it to the 2003 Iraq invasion.
  • Sánchez's refusal to allow U.S. military use of Spanish bases has drawn criticism from U.S. President Donald Trump.
  • Polls indicate 68% of Spaniards oppose the war.
  • Polls indicate 53.2% support Sánchez's stance against U.S. military involvement.