Ireland faces 'emerging energy affordability crisis' as war in Iran continues

Fuel prices in Bantry on Monday. There are now fears that prices at the pump could reach or surpass the levels seen in the wake of the Russian invasion of Ukraine in 2022, which saw diesel peak at €2.09 per litre and petrol at €2.15.

The Irish economy is facing an energy affordability crisis as households and businesses face soaring fuel bills as the war in Iran drags on.

US president Donald Trump yesterday predicted the war in the Middle East could be over soon, even as Iran’s hardliners staged a show of loyalty to Ayatollah Mojtaba Khamenei in a sign that it was not prepared to back down any time soon.