The Government is prepared for all scenarios should the renewed conflict between Iran and the US affect energy prices, the Tánaiste has said.
US president Donald Trump declared the ceasefire deal between the countries “over” on Wednesday, after Iran targeted three tankers in the Strait of Hormuz waterway.
US forces hit around 90 targets across Iran overnight, while Tehran responded with attacks on Bahrain, Kuwait and Qatar.
Speaking to reporters in Brussels on Thursday, Simon Harris said economists in his department had previously mapped out a number of possible scenarios.
If the war was to escalate, he said even in the most severe scenario the “Irish economy continues to grow” and added “we’re prepared for all scenarios is the truth”.
Asked if the Government is considering new supports, Harris responded its...
