Assuming the war in Iran ends in June (with oil averaging $110) and pre-conflict trade flows restart, Italian industrial enterprises would face an additional €7 billion in annual energy bills compared to 2025. The impact of energy costs would therefore rise by one percentage point, from 4.9 percent in 2025 to 5.9 percent in 2026. However, if the conflict continues until 2026, with oil averaging $140, corporations will pay €21 billion more, increasing the impact by 2.7 percentage points (from 4.9 percent to 7.6 percent). The Confindustria Research Center estimated how much energy expenses for Italian companies could rise this year under several scenarios for the Iran war.