The US administration is beginning to panic over the rapidly rising price of oil, which has caused alarm within the Trump administration due to the impact of the war with Iran on the US gas prices. Senior Trump aides had anticipated a brief surge in oil prices in the first days of the Iran war, but the size and sustainability of the market reaction surprised them. The administration is now in a rush to reassure investors and reduce the impact on gas prices, but is also facing the limits of its power due to President Donald Trump's decision to wage war abroad, which threatens to undermine his key economic accomplishments at home. Oil prices have risen sharply since the war began, with a 51-cent-per-gallon jump in the national average over the last week. Energy Secretary Chris Wright, Treasury Secretary Scott Bessent, and Interior Secretary Doug Burgum are leading the development of new options aimed at reducing the surge.