EU energy ​commissioner Dan Jorgensen has warned we’re on the brink of a “long-lasting” energy price shock. And US president Donald Trump’s response is to mock European leaders and European countries suffering on the back of his actions. Go get your own oil!”[ Irish inflation jumps to 3.6% as energy prices surgeOpens in new window ]These really are unprecedented times. How will the Irish economy be affected? The Irish economy began the current crisis in relatively good shape with healthy growth, full employment and a budget surplus.

Source: The Irish Times April 03, 2026 15:48 UTC