In response to rising prices exacerbated by external conflicts, Spanish Prime Minister Pedro Sánchez has announced a substantial financial package amounting to €5 billion. This initiative, intended to offer relief to citizens from the consequences of the Iran conflict, includes significant tax reductions on energy and direct aid to affected sectors. Sánchez emphasized that while Spain and Europe do not bear responsibility for the war, it is their obligation to safeguard their citizens from its fallout.

The approval came after a prolonged meeting of the Council of Ministers, which was reportedly stalled due to a crisis between the coalition partners. The plan is designed to serve as a significant social shield, positioning itself as one of the largest in Europe, aimed at countering the economic impact felt by Spaniards as inflation continues to rise. Sánchez criticized those who support the ongoing conflict, reiterating the government's commitment to protecting citizens.

Additionally, the government has enacted a decree to freeze rents, addressing the urgent need for housing stability amid the economic turbulence. These measures reflect a strategic approach not only to manage immediate symptoms of current economic pressures but also serve as a political maneuver to shore up support within the coalition government at a time when tensions with the Sumar party are high.