Energy prices could rise sharply this autumn if Iran war continues, minister warns

Enterprise Minister warns prolonged Middle East conflict could disrupt supply chains and drive up Irish energy costs later this year

Enterprise Minister Peter Burke speaking to the media ahead of a Cabinet meeting at Government Buildings in Dublin. Picture: PA

There could be “very significant” increases in energy prices this autumn if the war in Iran continues, enterprise minister Peter Burke has said.

Speaking ahead of the Labour Employer Economic Forum on Friday, Mr Burke said the political shock arising from the US-Israeli war in Iran is worse than the fuel crises of the 1970s and the war in Ukraine combined.