The White House has expressed strong confidence in the resilience of the U.S. economy, stating that it is expected to “thrive” even after the ongoing conflict with Iran.
A spokesperson emphasized that despite geopolitical tensions and rising global uncertainty, the U.S. economy remains fundamentally strong, backed by robust business activity, steady demand, and policy support.
The War: Where Things Stand
The US-Israel military campaign against Iran was launched on February 28, and the conflict has now entered its fourth week. Strikes have killed at least 1,500 people according to Iranian health ministry figures, though the US-based rights group HRANA puts the toll significantly higher at over 3,300, including more than 1,400 civilians.
Iran has effectively shut the Strait of Hormuz to most shipping traffic since the war began a chokepoint that in normal times carries roughly 20 percent of the world’s crude oil. The closure has sent energy prices soaring, stoking inflation fears. The longer the Strait stays shut and the conflict drags on, the harder it becomes for the administration to sustain its optimistic economic narrative.
The World Trade Organization warned that if oil and gas prices remain elevated through the rest of the year.
For now, the White House is holding its line insisting that what looks like turbulence today is the price of a more secure and prosperous tomorrow. Whether that argument holds will depend entirely on how quickly, and on whose terms, this war ends.
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