He said “we don’t want anyone taking unfair advantage of consumers and people” because of the escalating conflict in the Middle East. Mr Martin acknowledged “there will be implications from it over time, if the situation doesn’t stabilise in the short term”. Heading into the same cabinet meeting, the Irish Enterprise Minister was asked about the potential impact of energy price rises on the economy. He said: “When you look at the peak in Ukraine, it hit 348 euro, so that was a very extreme time. Irish Green Party leader Roderic O’Gorman (Brian Lawless/PA)“The Government needs to closely monitor this.

Source: The Herald March 03, 2026 17:03 UTC