National Economic Council Director Kevin Hassett said Sunday that the Trump administration expects the war involving Iran to conclude within weeks and believes the U.S. economy is positioned to withstand the conflict’s energy-market disruption.

Crude prices approaching $100 per barrel may not be especially harmful for the U.S. economy, according to research firm Capital Economics, which notes that the country’s position as a modest net exporter of energy helps soften the impact.

The U.S. economy grew at a rate of 0.7% in the fourth quarter of 2025, according to a second estimate released on Friday by the Bureau of Economic Analysis.

Goldman Sachs economists Manuel Abecasis and David Mericle in a new research note looked at the economic implications of the Iran war on the U.S. economy.

Discussions are expected to focus on shifting US tariffs, Chinese rare earths, American high-tech export controls and Chinese purchases of US agricultural products.

The latest estimate pegs fourth-quarter growth at a 0.7% annual pace, roughly half the initial 1.4% reading, after a brisk 4.4% surge in the third quarter. The comedown reflects a sharp pullback in federal spending, softer exports, and a slowdown in goods purchases, according to The Associated Press.

Top U.S. and Chinese economic officials are set to launch a new round of talks in Paris on Sunday to iron out kinks in their trade truce and clear a smooth

The U.S. economy has shown resilience in the face of President Donald Trump’s policies, but the war with Iran has driven up oil and gas prices and clouded the economic outlook.