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5 ways the Iran war will impact your cost of living

It has been a week since the US and Israel began air strikes on Iran, prompting retaliation from Tehran and a spike in energy prices. RTÉ's Economics and Public Affairs Editor David Murphy assesses how Irish consumers are feeling the financial impact.

Fuel pump close up

Fuel industry rejects price gouging accusations

The Human Health & Social Work Sector had the highest number of female employees (Stock image)

Number of women in employment up 82.1% since 2000 - CSO

Oil pump with an Iran flag in the background

Oil set for steepest weekly gain since Ukraine invasion

Wooden figures and piles of coins to indicate the gender pay gap

Men expect to earn €11k more than women - IrishJobs

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Rise in Live Register claimants in February - CSO

Statkraft's wind farm at Cushaling in Co Offaly

48% of electricity from renewables last month - Eirgrid

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More women working in construction is essential - CIF

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Middle East Turmoil

5 ways the Iran war will impact your cost of living

Fuel pump close up

Fuel industry rejects price gouging accusations

Oil pump with an Iran flag in the background

Oil set for steepest weekly gain since Ukraine invasion

Trump officials rule out Treasury oil futures trades

Lufthansa adds more flights to Asia and Africa

White, purple and navy colured Wizz air plane on a runway

Wizz Air CEO sees Iran hit easing from April

The Druzhba oil pipeline between Hungary and Russia

Oil rises on supply concerns as Iran conflict widens

'Outrageous' fuel price rises across country, Dáil told

TOPSHOT - A man stands in front of an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on March 2, 2026. Asian stocks dropped in early trade March 2 on the back of fears for the global economy followin

What oil, stocks, shares and bonds tell us about Iran conflict

DHL sees higher 2026 operating profit despite headwinds

A sign in front of the European Central Bank in Frankfurt

ECB policymakers warn of inflation hike if Iran war lasts

Image of fuel stations in Meath and Dublin

'No question of price gouging' - Fuels for Ireland CEO

Technology & Innovation

More Technology & Innovation

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Oracle plans job cuts as data centre costs rise - report

The words Anthropic AI on a pink and dark background

Pentagon formally labels Anthropic as supply-chain risk

OpenAI tops $25 billion in annualised revenue - report

The Department of Enterprise said Ireland is ideally positioned to host the international gathering as the location of choice for leading global tech companies and AI providers.

Ireland to host International AI Summit in October

ComReg said its latest survey shows that 85% of respondents are satisfied with mobile coverage at their home, and 86% outside their home

93% of mobile phone owners use a smartphone - ComReg

CLARITY-SOCIAL-MEDIA-BAN

One week off social media: Would an Australia-style ban work?

Schoolchildren using smartphones together during school break

New online safety programme for primary school pupils

More Technology & Innovation

Work

The Human Health & Social Work Sector had the highest number of female employees (Stock image)

Number of women in employment up 82.1% since 2000 - CSO

A close-up of an architect looking at some floor plans while working with her colleague

Ireland sees big improvement in PwC's Women in Work Index

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More women working in construction is essential - CIF

Wooden figures and piles of coins to indicate the gender pay gap

Men expect to earn €11k more than women - IrishJobs

Aerial view of office in the IDA Business & Technology Park, Finisklin, Co Sligo

Do Ireland's business parks help or hinder job growth?

Business owner discussing ideas with colleagues on video call, communication, brainstorming

'Toothless tiger' remote working code to be strengthened

Women four times more likely to be CFO than CEO - report

More Work

Your money

More Your money

Fuel pump close up

Fuel industry rejects price gouging accusations

5 ways the Iran war will impact your cost of living

€1.2m in old Irish punts exchanged over past two years

Tánaiste Simon Harris speaking in Cork

Help on way for people in electricity arrears - Tánaiste

Fuel prices edge higher in February - AA Ireland

Health insurance policy brochure with paperwork. There is also a stethoscope, mobile phone and digital tablet in the image.

Irish Life Health and Level Health announce price hikes

A house key on a tenancy agreement contract

Rents rose 4.4% in 2025 as supply hit a new low - Daft

'Constant worry': The human cost of high energy bills

Laya ups price of 65 of its policies by average of 4.7%

A stock omage of a woman inserting a card into an ATM

'Small' shortfalls in provision of ATMs - Central Bank

While ATM withdrawals have declined, the report showed that the popularity of contactless payments is on the rise (stock image)

ATM cash withdrawals, cashback declining - report

The study found a higher level of support for Government spending on older people and childcare for working families

34% back higher taxes for better services - ESRI

Analysis & Comment

More Analysis & Comment

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5 ways the Iran war will impact your cost of living

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3 ways Middle East conflict could affect Irish consumers

Analysis and Comment

What does Trump's tariff chaos mean for Ireland?

What does Trump's tariff chaos mean for Ireland?

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Novo's woes in spite of Ozempic's growth

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Who are the key players in the Irish farming lobby?

More Analysis & Comment

Business Brainstorm

More Business Brainstorm

Aerial view of office in the IDA Business & Technology Park, Finisklin, Co Sligo

Do Ireland's business parks help or hinder job growth?

TOPSHOT - A man stands in front of an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on March 2, 2026. Asian stocks dropped in early trade March 2 on the back of fears for the global economy followin

What oil, stocks, shares and bonds tell us about Iran conflict

Collins Avenue Dublin pothole

Where will the cash come from to fix the latest crop of potholes?

woman laptop balcony office outside

How to game your job application to beat HR's AI machine

Work and careers

Cargo ships and tankers are seen off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. (Photo by Giuseppe CACACE / AFP)

How closure of Strait of Hormuz shows how trade can be weaponised

Will Middle East conflict see a rise in Irish petrol prices?

Flightradar24 radar shows airlines avoiding Middle East airspace after US and Israel attack on Iran Feb 2026

How Middle East conflict has disrupted global airline industry

'While technology kept the lights on during the emergency remote teaching of the pandemic, it also allowed big tech to greatly increase its digital footprint in schools.' Photo: Getty Images

Who owns my child's data?

Young couple having an argument over suspicious text messages on boyfriend's phone. (Image: Getty Images)

Do you know what the numbers in that headline really mean?

Shot of a young businesswoman looking stressed out while working on a laptop in an office at night

Could you be fired from your job for demanding 8 hours sleep?

Work and careers

The workplace's machine-like focus on producing, performing and optimising has little concern for the human energy, attention and resilience required to keep it running. Photo: Igor Omilaev/Unsplash

How the workplace wasn't designed for humans – and it shows

Work and careers

The real economic stories behind the LGBTQ+ 'pink euro'

Business Watch and Listen

Wooden figures and piles of coins to indicate the gender pay gap

Men expect to earn €11k more than women - IrishJobs

'Outrageous' fuel price rises across country, Dáil told

Two business men pose in front of an office with annual results in their hands

PTSB's 2025 profit hit by lower interest rates

Business owner discussing ideas with colleagues on video call, communication, brainstorming

'Toothless tiger' remote working code to be strengthened

Two businessmen in suits pose for photo

AIB reports €2.1 billion profit for 2025, down on 2024

Minister Peter Burke

Minister requests review of retail energy market

HONG KONG, CHINA - MARCH 02: A cancelled flight to Dubai shown on flight information display at Hong Kong International Airport on March 2, 2026, in Hong Kong, China. (Photo by Sawayasu Tsuji/Getty Images)

'Massive' impact on aviation industry from Iran turmoil

Taoiseach criticised over 'minimalistic' effort with X

'Constant worry': The human cost of high energy bills

An Aer Lingus Airbus A320 at London Heathrow Airport

Operating profits at Aer Lingus rose by 37% last year

US multinationals remain positive on Irish investment

Power grid facing 'challenging situation', says EirGrid

The Business of Climate

More The Business of Climate

Greencoat Renewables' revenues for the year to the end of December fell by 17% to €296m

Greencoat announces green digital infrastructure platform

New car registrations so far this year are up 4.3% to 49,557 from 47,493 the same time last year, new SIMI figures show

New car registrations up 7.4% in February - SIMI

Image of a business woman in a green blouse pictured in an office

Kingspan reports 2.8m tonne emissions cut since 2020

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Power grid facing 'challenging situation', says EirGrid

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Renewables cut energy costs by €1.5bn last year - report

More than four in five businesses say sustainability is important to the day-to-day running of their business

SMEs urged to take up more energy efficiency grants

Under the pressure from automakers, Brussels reversed its plan to phase out cobustion engine across the EU by 2035

Future of EVs 'looks Chinese rather than European'

More The Business of Climate

Agribusiness

More Agribusiness

a photograph of martin heydon

Heydon expects Bord Bia chairman to stay on after review

Man in a suit posing beside a fountain

Origin Enterprises reports 'solid' half year performance

Five IFA members who staged a sit-in protest inside the reception area of the building cheer outside the office

IFA members end sit-in protest at Bord Bia offices

European Commission President Ursula von der Leyen delivers a speech during the signing ceremony of the trade agreement between the European Union and Mercosur

EU will provisionally apply contested Mercosur trade deal

Farmers have been holding a round-the-clock protest outside Bord Bia's offices in Dublin

Minister considering governance review into Bord Bia

Who are the key players in the Irish farming lobby?

wellies in a puddle in a field

Farmers warn of slurry storage issues after wet weather

Strong dairy and tillage output in 2025 - Teagasc

An accountant looks throuugh diagrams

Ifac accelerates national growth with 3 regional deals

Seafood taskforce launched amid 'escalating crisis'

A curious group of cows look at the people passing by

Scepticism among farmers on bovine TB measures - ESRI

IFA members occupy Bord Bia office in Dublin

Fresh proposals aimed at resolving Bord Bia dispute

US Tariffs

More US Tariffs

Volvo Cars sales volumes drop as US tariffs hit

Adidas reported sales of €24.8 billion and operating profit of €2.06 billion for 2025

Adidas shares fall as profit outlook disappoints

What does Trump's tariff chaos mean for Ireland?

What does Trump's tariff chaos mean for Ireland?

United States Trade Representative Jamieson Lee Greer in the Europa building of the EU Council headquarters.

US tariff rate to hit 15% or more for some nations, Greer

Minister Peter Burke and US Ambassador Edward Walsh are pictured at a photocall

Government awaiting 'exact clarity' over US tariffs

Cranes and ships at dublin port

'Groundhog day' for Irish exporters amid tariff 'chaos'

The new US tariffs taking effect today only last for 150 days unless extended by US Congress and is widely seen as a bridge towards more durable trade policy

New US tariffs come in at lower 10% rate

A van with FedEx signage is parked on a street

FedEx sues US for refund on Trump's emergency tariffs

WASHINGTON, DC - FEBRUARY 20: U.S. President Donald Trump speaks during a press briefing at the White House on February 20, 2026 in Washington, DC. The U.S. Supreme Court on February 20 ruled against Trump's use of emergency powers to implement internatio

Trump warns higher tariffs for countries who 'play games'

a close-up of a pile of money

A timeline of major developments in Trump's trade war

United States Trade Representative Jamieson Lee Greer in the Europa building of the EU Council headquarters.

US trade chief not seeing countries pulling out of deals

Gold prices are rising again after the US Supreme Court's decision to strike down several of President Donald Trump's tariffs

Gold hits three-week high on uncertainty over Trump tarif