Economic growth is expected to continue across the island of Ireland this year but at a slower pace because of a fuel crisis triggered by the war in Iran. The EY Economic Eye forecast, published on Tuesday, analysed the economies in Ireland and Northern Ireland amid turbulence prompted by the attack from US President Donald Trump’s administration and Israel on Iran. Consultancy firm EY is forecasting Ireland’s inflation rate at 3.1% for 2026 and 2.4% for 2027. Inflation in Ireland is to increase because of the conflict in the Middle East and the shutdown of the vital trading route, the Strait of Hormuz , through which a fifth of oil supplies travel. EY has said events in the Middle East had “adversely affected” Ireland’s inflation outlook. “While some price pain is already being felt by households and businesses, the inflationary shock to date is less severe than that experienced following the invasion of Ukraine,” it said.…