• Strikes on Iran push oil and gas prices higher
• US and G7 officials discuss emergency oil release
• Other options include restricting US exports

March 9 (Reuters) - U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have spiked to more than $100 a barrel due to the Iran war, according to two people familiar with the matter.

The effort reflects White House worries that the surge in oil prices LCOc1 will hurt U.S. businesses and consumers ahead of the November midterm elections when Trump's fellow Republicans are hoping to retain control of Congress.

U.S. officials in Washington have been discussing with counterparts from the Group of Seven major economies a possible joint release of crude oil from strategic reserves as one of several measures currently under discussion, the sources said.

Other options include restricting U.S. exports, intervening in oil futures markets, waiving some federal taxes and lifting requirements under a U.S. law called the Jones Act that domestic fuel move only on U.S.-flagged ships, among others, the sources said, speaking on condition of anonymity.

Analysts have said that U.S. policy options will have little sway over global oil markets as long as the fighting blocks Middle East oil exports accounting for a fifth of global supply through the Strait of Hormuz.