As the price of crude oil surged, consumers were feeling the effects of the Iran war and its damage to worldwide energy production

U.S. President Donald Trump on Monday threatened to escalate the war with Iran if it blocked oil shipments from the Middle East, even as he predicted ​a quick end to the conflict.

The deliberations reflect White House worries that the surge in oil prices ‌following more than a week of U.S. and Israeli strikes on Iran will hurt U.S. businesses and consumers ahead of the November...