Madrid, March 12, 2026 (AFP) - Spain to act to cushion Mideast war hit on energy prices

NAMPA / AFP

2026-03-12

Spain's leftist government on Thursday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. Fears have risen for the fallout on household budgets worldwid......

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