Spain announced a $5.8 billion economic support package designed to counter the impact of ongoing conflict involving Iran, according to government officials.

The support package represents a significant government response to regional instability and its economic consequences for the Spanish economy. Details of the specific measures included in the package were not immediately available.

The announcement comes as European nations continue to assess the broader economic implications of Middle Eastern conflicts on their domestic economies, including potential disruptions to trade routes and energy supplies.

Spanish officials have not provided a detailed timeline for the implementation of the support measures or specified which sectors of the economy will be prioritized for assistance.