Inside Politics with Hugh Linehan In the shadow of the war in Iran, inflation and energy costs look set to climb ever higher
Mar 20, 2026
Discussion of Israeli strikes on Iranian energy infrastructure and the ripple effects on global oil and gas prices. Debate over possible government relief measures like excise cuts and targeted payments. Analysis of the Taoiseach’s Oval Office meeting and its international reception. Conversation about the demolished Co Meath house and the politics of one-off rural housing. Updates on winding down payments to people hosting Ukrainians.
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War With Iran Is Militarily Effective But Politically Costly
- The US-Israel campaign against Iran is militarily active but politically fragile, creating global market shocks.
- Jack Horgan-Jones notes divergent US and Israeli aims and resignations reflecting deep strategic disagreement that spooked investors.
Energy Shock Likely To Be Long Lasting
- Energy infrastructure strikes have driven sustained price volatility, making short-term drops unlikely.
- Jack Horgan-Jones argues damaged LNG and oil facilities may take years to rebuild, extending inflationary pressure and market sensitivity.
Prepare For Excise Cuts Not Universal Energy Credits
- Expect government measures targeted at petrol and heating rather than broad one-off credits.
- Jack Horgan-Jones says the likely package will be excise cuts and possibly extended fuel allowances instead of universal credits.