Christoph Badelt, President of the Fiscal Council, explained in the ORF "Press Hour" that the attack by Israel and the USA on Iran will also affect energy prices in Austria in the short term. The global market is already reacting to the loss of Iranian oil and the blockade of the Strait of Hormuz. This situation affects not only oil but also other goods and supply chains. The extent depends on the duration and a possible escalation of the conflict.