• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Middle EastIran

Pentagon sees Iran war lasting up to six weeks, Trump aide says

By
Jen Judson
Jen Judson
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Jen Judson
Jen Judson
and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 15, 2026, 4:35 PM ET
Kevin Hassett, director of the National Economic Council, during a Bloomberg Television interview outside the White House in Washington, DC on Friday, March 6, 2026.
Kevin Hassett, director of the National Economic Council, during a Bloomberg Television interview outside the White House in Washington, DC on Friday, March 6, 2026. Al Drago/Bloomberg via Getty Images

A top aide to President Donald Trump said the Pentagon estimates the Iran war, now in its third week, would take between four and six weeks.

Recommended Video

Kevin Hassett, head of the White House’s National Economic Council, offered the timeline along with a caveat that the ultimate decision on when the war will conclude lies with Trump. He was among several administration officials on Sunday asking Americans for patience as energy prices spike, saying the goal of eliminating Iran as a threat in the Middle East is worth it.

As of Saturday, the Pentagon “believed that it would take four to six weeks to complete this mission and that we’re ahead of schedule,” Hassett said on CBS’ Face the Nation. “We expect that the global economy is going to have a big positive shock as soon as this is over.”

Energy Secretary Chris Wright signaled the war may last several more weeks with oil and gasoline prices elevated as the US and Israel seek to destroy Iranian military capabilities. 

“I think that this conflict will certainly come to the end in the next few weeks — could be sooner than that — and we’ll see a rebound in supplies and a pushing down of prices after that,” Wright said on ABC’s This Week.

Brent crude closed at more than $103 per barrel on Friday as Iran retains a chokehold on the Strait of Hormuz, normally a conduit for a fifth of the world’s oil and a similar portion of liquefied natural gas. 

Trump on Saturday called on other countries to send warships to keep the strait open, saying he hopes China, France, Japan, South Korea and the UK would take part. A senior official in Japan’s governing party said sending Japanese navy vessels to the Middle East to escort tankers would face “high hurdles.”

Wright said he has been in talks with the countries Trump mentioned, though he didn’t elaborate. “Clearly we will have this support of other nations to achieve that objective,” he said on NBC’s Meet the Press.

Wright said the Trump administration was aware that going to war against Iran would cause “short-term disruption” and “a little bit of increased prices on Americans.”

“So this is short-term pain to get through to a much better place,” he told ABC. “But first and foremost right now is to finish to destroy Iran’s ability to project military force in the region and around the world.”

With Iran’s decimated leadership defiant in the face of US and Israeli airstrikes, Hassett argued that US domestic oil production means Iran has vastly less leverage than during the oil shocks of the 1970s.

“They think they’re going to harm the US economy and get President Trump to back down,” he said. “There couldn’t be anything that is a stupider thing to say. We’ve got lots and lots of oil.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Jen Judson
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Middle East

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Middle East

U.S. President Donald Trump listens during a press conference with Ukrainian President Volodymyr Zelensky following their meeting at Trump’s Mar-a-Lago club on December 28, 2025 in Palm Beach, Florida.
PoliticsIran
‘Blackmail is also not what I wish for’: America’s allies are ghosting Trump on Strait of Hormuz
By Eva RoytburgMarch 16, 2026
10 hours ago
President Donald Trump at the White House
EconomyOil
The energy crisis isn’t recessionary yet, but there’s a scenario where oil prices could bring the US economy to a ‘standstill,’ Oxford Economics says
By Tristan BoveMarch 16, 2026
11 hours ago
Middle EastIran
Iran’s attacks have collapsed, and the trend is ‘overwhelmingly positive,’ analysts say. But the military side is separate from politics and markets
By Jason MaMarch 16, 2026
11 hours ago
bessent
Middle EastMiddle East
Bessent talks oil, accuses media of ‘trying to make it into some crisis that it’s not’
By The Associated PressMarch 16, 2026
13 hours ago
iran
Middle EastMiddle East
Iran minister mocks Trump for ‘begging’ for help on reopening Hormuz, claims attacks came from UAE
By Jon Gambrell, Sam Mednick, Konstantin Toropin, Samy Magdy and The Associated PressMarch 16, 2026
14 hours ago
gutman, shah
BankingMarkets
Goldman’s top international execs say the Iran war has parallels to the Russia’s invasion of Ukraine, but there are key differences
By Nick LichtenbergMarch 16, 2026
15 hours ago

Most Popular

placeholder alt text
Middle East
Iran's attacks have collapsed, and the trend is 'overwhelmingly positive,' analysts say. But the military side is separate from politics and markets
By Jason MaMarch 16, 2026
11 hours ago
placeholder alt text
Investing
Peter Thiel is actively convincing billionaires to abandon The Giving Pledge — and it may be working
By Jake AngeloMarch 16, 2026
10 hours ago
placeholder alt text
Politics
'No, we didn’t': DOGE staffer admits Elon Musk’s cost-cutting agency failed to reduce the federal deficit
By Sasha RogelbergMarch 16, 2026
7 hours ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, March 16, 2026
By Joseph HostetlerMarch 16, 2026
14 hours ago
placeholder alt text
Workplace Culture
Gen Z is dating less. The result is one of the most unprepared workforces
By Jake AngeloMarch 15, 2026
2 days ago
placeholder alt text
Commentary
Ray Dalio: I've studied 500 years of history and fear we're entering the most dangerous phase of the 'Big Cycle'
By Ray DalioMarch 14, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.