Oil prices could rise beyond current levels due to the Iran war, according to analysts polled by Reuters. The effective closure of the Strait of Hormuz and attacks on Middle Eastern production facilities could significantly impact global supplies. Oil and gas-importing countries in Asia and Europe are expected to be the most affected by this, with potential increases in prices if Iranian export facilities are damaged. The increased energy prices are affecting global economies, with all industries expected to feel the brunt of the impact.