Irish Prime Minister Announces Fuel Tax Cuts Amid Protests Over Rising Gas Prices
Irish Prime Minister Micheál Martin announced a new package of fuel tax cuts totaling 505 million euros ($592 million) in response to widespread protests over soaring gas prices. The protests, led by farmers and truckers, have caused significant disruptions, including blockades at Ireland's only oil refinery and several depots, leading to fuel shortages. The protests were sparked by the closure of the Strait of Hormuz due to the U.S.-Israel conflict with Iran, which has driven up global oil prices. The Irish government had previously approved a 250 million euro tax break to alleviate the cost of living pressures. Despite the new measures, it remains uncertain if the protests will subside.