Iran

The package responds to the demands of the Basque industrialist in a context of growing geopolitical uncertainty and will be structured around four main axes: protection of employment, financial support for SMEs, diversification of SMEs and energy autonomy.

For its part, the US Army has confirmed that it has hit "more than 7,000 targets" in Iran and has "damaged or destroyed" more than 100 ships since the start of the joint offensive with Israel on 28 February.

EH Bildu's Program Director, Nerea Kortajarena, has explained that the coalition has proposed to the Spanish Government a package of "redistributive" measures to address the economic crisis caused by the war.

Tehran has continued its attacks on US bases in the Persian Gulf countries and has also attacked Israel.

A summary, in two words, of what will be news in the Present today.

The Provincial Council of Álava is preparing a series of fiscal measures to support companies in the face of the war in Iran. "We will use our fiscal capacity to, among other things, urgently and exceptionally implement concrete measures to ease the financial tensions of companies," said Ramiro González, MP for Álava. 

 Mojtaba Khameni has stressed that the blockade of the Strait of Hormuz must continue, "in order to put pressure on the enemy", following the attacks on the ships of the area  . "Thearmed forces of Rango have taken away the hope of subduing the country, and possibly dividing the enemy ", AS.

According to the latest report by the International Energy Agency (IEA), the interruption of maritime traffic in the Strait of Hormuz has resulted in a loss of the equivalent of 10 million barrels a day in the markets. The flow of the Strait of Hormuz has been reduced to less than 10% compared to those before the crisis. Indeed, before the crisis, 15 million barrels of crude oil were spent a day, and another 5 million barrels of crude oil from the world's total supply.

Following the latest attacks on ships passing through the Strait of Hormuz, the price of a Brent barrel has risen by more than $100. 

President Masud Pezeshkian has reaffirmed Tehran's "commitment" to peace in the region and proclaimed its "right to self-defence."

At the meeting of the Industrial Defence Group, the President, Imanol Pradales, announced that his Government is preparing 'a first package of measures if the situation continues and becomes more complicated', and urged the Spanish Government and the EU to do the same.

However, he has stressed that they must be "organized" to escort merchant ships in the area.

According to The Wall Street Journal this Wednesday, the International Energy Agency (IAE) has proposed the largest release of oil reserves in its history to reduce oil prices, which would exceed the 182 million barrels of oil that IAE countries placed in 2022 when Russia invaded Ukraine. 

The US Central Command has released a video of attacks on Iranian ships, indicating that the aim of the operation is to relaunch navigation. 

The bombings have intensified in Iran and southern Lebanon, where 1,250 people have already been killed, mostly civilians. For the time being, the parties have shown no intention of negotiating, despite calls from China and Russia to defuse the conflict.

The consumer association Facua has denounced that gas stations are taking advantage of the Iranian war to inflate prices and has called on the Spanish Government to intervene in the face of this' speculative 'behaviour.

Iran has warned the media and the population that cooperation with the enemy will be punished with death and confiscation of property following the US and Israel offensive, which has already left more than 1,200 dead.

Energy ministers from the US, Canada, Japan, France, Italy, Germany, and the UK will meet this Tuesday virtually to discuss the supply cut caused by the Iranian war and the possible release of oil reserves.