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flag Northern Ireland heating oil prices surged 41% to a three-year high due to Middle East tensions and supply disruptions.

flag Home heating oil prices in Northern Ireland rose 41% to a three-year high of £434 for 500 litres, driven by Middle East conflict escalating tensions, crude oil spikes, and supply concerns, including a drone attack on Qatar’s LNG facilities. flag European gas prices jumped nearly 40% to €45 per MWh, threatening recent declines in domestic energy costs. flag Despite this, SSE Airtricity announced an 8.1% tariff reduction effective April 1, the fourth cut since mid-2023. flag Tánaiste Simon Harris warned of economic risks including inflation, market volatility, and supply disruptions, with Ireland’s economic forecasts to be updated by the end of March amid ongoing uncertainty.

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