Market turbulence showed no sign of easing as the conflict in the Middle East entered its fourth day. Photograph: Getty ImagesStocks and bonds tumbled on Tuesday as fears of a prolonged shock to energy prices from the widening war in the Middle East rattled global markets. AIB, Bank of Ireland and Ryanair led the slide, falling 2.2 per cent, 2.9 per cent and 2 per cent respectively. European gas prices surged 20 per cent, while Asian gas prices jumped 65 per cent. “Inflation is not dead, we haven’t killed that animal,” he said, adding that surging oil and gas prices “are going to make it worse”.

Source: The Irish Times March 03, 2026 19:11 UTC