Body urges to use the opportunity of dialogue on Hormuz to curb the economic impact

Carlos Cuerpo urges to take advantage of the negotiation on Hormuz to contain the humanitarian and economic impact of the conflict in the Middle East.

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The first vice president of the Government and Minister of Economy, Carlos Cuerpo, has urged to take advantage of the "negotiating window of opportunity" opened between the United States and Israel with Iran on the reopening of the Strait of Hormuz, with the aim of mitigating both the humanitarian consequences and the economic impact of the conflict in the Middle East.

In statements made this Saturday during the Global Progressive Mobilisation (GPM), held at Fira de Barcelona Gran Via, he underlined the high "volatility in terms of prices" of oil and gas, as well as in the availability of energy supplies derived from the war, and insisted on the need to make the most of the current negotiation process.

Cuerpo has defended this approach "to advance what Spain has been saying from the beginning, which is a diplomatic, negotiated solution, that first and foremost reduces the humanitarian impact and loss of life that this war is having and, of course, reduces the economic impact that we are already feeling". He stressed that the path of dialogue is, in his opinion, the only one capable of simultaneously containing social deterioration and damage to the global economy.

In relation to the Executive's measures to cushion the effects of the crisis, it has pointed out that, given that the scope of the impact "is still unknown", the actions already underway will be conditioned by the duration of the conflict. It has specified that the Government continues to permanently evaluate the situation to adapt and reinforce these policies if necessary.

Likewise, he has assured that Spain finds itself "more prepared than on previous occasions for this war", highlighting that the country currently presents a lower dependence on gas in the context of the ongoing energy 'shock'. In this regard, he has conveyed a message of reassurance to both citizens and the business sector, emphasizing the resilience of the Spanish economy in the face of tensions in energy markets.