The impact on international shipping of the war in Iran is the latest issue to delay the disposal of a ship seized in a major drugs case, politicians have been told. He could not, he said, rule out the total reaching €20 million before the vessel was eventually disposed of. He said he hoped the saga was nearing its conclusion but suggested the impact of the war in Iran on international shipping was now negatively affecting the disposal process. “We are very hopeful that we are getting closer to the end game,” Cody told the committee’s members, “but it still is a matter of clear uncertainty. Cody suggested that the scale of the costs involved could deter Revenue from seizing a vessel in such circumstances in the future.

Source: The Irish Times March 05, 2026 23:55 UTC