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

Trendingnow

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

3

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

3

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
PoliticsIran

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
Add Fortune on Google for similar content.

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.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Jen Judson
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

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
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
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
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

mike
Politicsnational debt
GOP’s $95 billion war-and-voting bill adds no offsets to $2 trillion deficit
By Kevin Freking, Lisa Mascaro and The Associated PressJuly 15, 2026
1 minute ago
A woman at a police commission meeting stands behind a podium speaking animatedly.
North AmericaPrivacy
LAPD was one of Flock Safety’s biggest government customers. Now it’s renegotiating its partnership over ‘serious concerns around civil liberties’
By Sasha RogelbergJuly 15, 2026
3 minutes ago
cdc
PoliticsCDC
CDC nominee refuses to say if she’d defy RFK Jr. on vaccine orders
By Mike Stobbe, Nick Lichtenberg and The Associated PressJuly 15, 2026
6 minutes ago
blanche
PoliticsWhite House
‘I’m his lawyer’ — acting Attorney General briefly forgets he’s supposed to represent Americans
By Eric Tucker, Alanna Durkin Richer and The Associated PressJuly 15, 2026
10 minutes ago
pete
PoliticsMilitary
Pete Hegseth wants to test troops for ‘testosterone deficiency’ — literally
By Konstantin Toropin, Matthew Perrone and The Associated PressJuly 15, 2026
18 minutes ago
sb
Commentarynational debt
The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution
By Steve H. Hanke and David M. WalkerJuly 15, 2026
5 hours ago

Most Popular

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
1 day ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North America
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
1 day ago
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
7 hours ago
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
Economy
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
By Eleanor PringleJuly 15, 2026
9 hours ago
Current price of gold as of July 14, 2026
Personal Finance
Current price of gold as of July 14, 2026
By Danny BakstJuly 14, 2026
1 day ago
Current price of silver as of Tuesday, July 14, 2026
Personal Finance
Current price of silver as of Tuesday, July 14, 2026
By Joseph HostetlerJuly 14, 2026
1 day 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.