The global energy crisis is of “historic proportion”, with “significant damage done to energy infrastructure”, Tánaiste Simon Harris has warned. European finance ministers gathered in Brussels on Friday for a Eurogroup meeting to discuss the impact of the war in Iran. Escalating tensions between Israel and Iran — including strikes on each other’s energy infrastructure in recent weeks — have added fresh instability to already rising global energy markets. The meeting featured an analysis from the International Energy Agency (IEA) on the global energy markets. “It is now clear the current global energy crisis is of historic proportion, and that significant damage has been done to energy infrastructure,” Mr Harris said.

Source: Irish Examiner March 27, 2026 19:05 UTC