White House says oil price spike is temporary as Trump pushes energy dominance amid Iran war

"Look at the success. We are working in a cooperative manner with the interim authorities to bring that oil into the market as expeditiously as possible," Leavitt said.

"Again, this is a short-term disruption. We're seeing a slight increase in oil and gas prices, but ultimately taking out the rogue Iranian regime is going to be a good thing for the oil industry, and those prices are going to come back down just like they have over the course of the past year because of President Trump's American energy dominance agenda."

U.S. crude, for instance, settled at $90.90 per barrel Friday, a 12.2% jump from the previous day.