War With Iran:

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Spain Announces €5 Billion Aid Plan to Curb Iran War Impact

Pedro Sánchez following the extraordinary cabinet meeting in Madrid, on March 20. — Pedro Sánchez following the extraordinary cabinet meeting in Madrid, on March 20.Photographer: Pierre-Philippe Marcou/AFP/Getty Images

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By Daniel Basteiro

March 20, 2026 at 12:46 PM UTC

Updated on

March 20, 2026 at 2:29 PM UTC

Lea en español

Spain’s government has approved a €5 billion ($5.8 billion) aid package to ease the economic effects of the Iran war, including tax reductions on energy.