The European Union has announced a new emergency subsidy scheme to support farmers, fishing businesses, and road hauliers affected by rising fuel and fertilizer costs due to the ongoing conflict in Iran. Under this scheme, businesses can claim up to €50,000 each, with the EU covering up to 70% of the additional costs incurred from March until the end of the year. This initiative is part of the Middle East Crisis Temporary State Aid Framework (METSAF), which aims to provide relief to sectors heavily impacted by the crisis, including agriculture and transport. The EU has stated that while the scheme raises potential fraud risks, the urgent need for support justifies a light-touch approach to the application process. Notably, no relief has been extended to airlines regarding jet fuel, although future interventions remain a possibility. The EU's energy commissioner has indicated that the crisis could last for up to two years, highlighting the necessity of immediate action to cushion the economic impact on vulnerable sectors. Despite concerns that these subsidies might hinder the EU's renewable energy goals, officials emphasize that transitioning to a clean economy is essential for long-term energy security.