U.S.-Israeli war with Iran pushes oil higher as Trump says plans are ahead of schedule

Oil prices jumped as the U.S.-Israeli conflict with Iran intensified, and the White House says President Trump is reviewing "all credible options" on energy prices while coordinating with relevant agencies.

Oil prices rose sharply after fighting linked to the U.S.-Israeli conflict with Iran intensified. The White House told CBS News that President Trump is reviewing "all credible options" on oil and gas prices and is coordinating with relevant agencies. A spokeswoman described energy market stability as a top priority and said the administration had plans in place before Operation Epic Fury began. Prices peaked above $119 per barrel before easing later in the day. Key facts: - White House spokeswoman Taylor Rogers told CBS News the administration is reviewing "all credible options" on oil prices and is in constant coordination with relevant agencies. - The White House described energy market stability as a top priority and said the president's energy team had a plan in place before Operation Epic Fury began. - Brent crude briefly reached $119.50 per barrel and U.S. West Texas Intermediate briefly reached $119.48 per barrel before both eased to just under $100 later Monday. - The article reports Brent and U.S. crude were about 36% and 42% higher, respectively, than before the conflict began on Feb. 28. Summary: The administration says it is reviewing policy options in response to the spike in oil prices while coordinating across agencies. Oil benchmarks rose sharply and later retreated but remain notably above pre-conflict levels. Undetermined at this time.