Netherlands Earmarks €1 Billion to Mitigate Iran Price Shocks

The Netherlands has allocated more than €950 million ($1.1 billion) to blunt the Iran war’s economic effects on Dutch households and businesses, as it prepares for possible fuel shortages.

The package includes a higher tax-free travel allowance for employees and €195 million to help the poorest households pay their energy bills, according to a letter that the finance, economy and climate ministers sent to parliament.