The Irish economy is facing an energy affordability crisis as households and businesses face soaring fuel bills as the war in Iran drags on. The conflict has already seen a sharp rise in the price of home heating oil across Ireland. Ibec warned the Government that it needs to take “urgent steps to mitigate an emerging energy affordability crisis”. Ibec executive director Fergal O’Brien said the recent and rapid surge in global oil prices has again exposed the vulnerability of the Irish economy. Mr Khamenei, a 56-year-old Shi’ite cleric with a power base among the security forces and their vast business empire, has been declared unacceptable by Mr Trump, who has demanded Iran’s unconditional surrender.

Source: Irish Examiner March 10, 2026 13:30 UTC