The Spanish Minister of the Economy is increasing consultations to develop an emergency plan, while the war in Iran is driving up energy prices.Breaking News, Economy, International, business assistance, Carlos Body, economic consultation, Spanish economy, war in Iran, inflation, emergency measures, purchasing power, oil price, European Union, AFE PACKAGE, newsThe Spanish Minister of the Economy is increasing consultations to develop an emergency plan, while the war in Iran is driving up energy prices.
Carlos Cuerpo, Minister of Economy, Trade and Enterprise in Spain, is at the heart of government efforts to mitigate the economic impact of the conflict in Iran. Since mid-March 2026, he has initiated a series of meetings with various economic stakeholders, aimed at gathering opinions on the measures to be implemented.
These consultations include renowned economists, such as those from the Group of Economic Conjuncture Analysts, led by Rafael Domènech of BBVA Research. The objective is to assess the potential risks for the Spanish economy, particularly in terms of inflation and growth, in a tense international context.
At the same time, the government is preparing a package of emergency measures, inspired by the plans deployed during the Covid-19 crisis. This system could include aid to families and businesses, particularly in the transport and industry sectors, which are highly exposed to fluctuations in energy prices.
In a recent interview, Carlos Cuerpo clarified that the rise in oil prices following the conflict would take between four and ten days to be fully reflected in the prices of gasoline and diesel. This estimate aims to inform consumers about the cost adjustment times at the pump.
Discussions with social partners, planned for this week, are crucial to ensure acceptance of the proposed measures. Unions and employers' organizations will be consulted in order to balance social protection and economic competitiveness.
Spain, as a member of the European Union, also follows Brussels' recommendations on energy policy. This international coordination is essential to avoid market distortions and ensure a coherent response to the crisis.
Experts stress that the situation could evolve quickly, depending on the evolution of the conflict in the Middle East. The Spanish government remains vigilant, ready to adjust its strategies if necessary, to protect the national economy from external shocks.
In short, Carlos Cuerpo's proactive approach reflects a desire for transparency and dialogue, aimed at minimizing the negative repercussions on the purchasing power of citizens and the stability of Spanish businesses.
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