Hormuz Crisis Hits Irish Oil Prices | Belfast News

Fuel prices in Ireland are skyrocketing as global tensions in the Strait of Hormuz disrupt supply chains, with Brent crude hitting $100 a barrel after Houthi attacks. Over 45% of Irish households rely on oil for heating, and prices have already surged 50%—way above inflation. Oil companies are carefully managing cost hikes, but volatility is wild: a tweet or rumor can send prices plunging. With 20% of global fuel passing through this chokepoint, Iran’s influence looms large. Shipping delays and insurance costs are driving up fuel prices, hitting aviation hardest, then diesel, then petrol. Budget airlines are already bleeding profits as jet fuel prices climb, while the EU and UK scramble to source alternatives from Saudi Arabia. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cdefd8de6fd00ed5