Spain's budget delayed as government rushes to cushion economic hit from Iran war
MADRID, March 19 (Reuters) - Spain will delay the presentation of its annual budget, Prime Minister Pedro Sanchez said on Thursday, as the cabinet puts together a package of emergency measures to counter the economic impact of the Iran war.
These measures - due to be announced on Friday - will focus on cushioning the blow from rising fuel and electricity prices caused by the closure of the Strait of Hormuz. Gas prices have risen by more than 60% since the U.S. and Israel started attacking Iran on February 28.