Irish shares take hit and price of gold soars amid rising tensions between US-Iran

Crude oil jumped for a second day, the price of gold rose to almost a seven-year high, and European stock markets fell amid the flare-up in tensions between the US and Iran.

Irish shares joined in the sell-off, with Ryanair falling 1.5% as the airline is vulnerable to the potential of increased fuel costs if crude prices continue to trade at an elevated level.