By Victoria JonesJuly 31, 2026 Business White House assures Americans the Iran-linked surge in energy prices will be short-lived Alternatives: – White House: Iran-related jump in US energy prices is temporary – Energy price spike tied to Iran expected to fade, White House says The White House said the recent rise in US energy prices linked to tensions with Iran is temporary. Officials expect markets to stabilize as diplomatic efforts progress and supply disruptions ease.