Oil passes $100 a barrel as US energy secretary says Iran won't be a 'long-term war'

Oil prices look like they're edging closer to a key threshold that suggests inflation could start to rise and economic growth could get hit from the war on Iran, market pros say.

Pavel Mikheyev/Reuters

• Oil prices surpassed $100 a barrel on Sunday.
• The US energy secretary is working to reassure Americans that high gas prices won't last.
• Chris Wright said the conflict in Iran is a "temporary movement," rather than a "long-term war."

US Energy Secretary Chris...