Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.

Analysts with ING financial group outlined four possible avenues for Iran: full escalation that also draws in other nations such as China or Russia; disruption of the Strait of Hormuz; active or passive support for terrorist attacks in the U.S. and Europe; or taking no action at all.

Oil prices may change after the United States’ involvement in the Israel-Iran war. Some experts warn that possible retaliation by Iran could interrupt the influx of crude oil, which may harm global economies.