Despite the outbreak of the Iran war and sharply higher gas prices, the US economy has been surprisingly resilient so far in 3Q26 because households are drawing down savings to sustain spending. That resilience is built on a finite savings buffer, implying a consumption slowdown is likely once that buffer is exhausted.
•The article describes the US economy as 'surprisingly resilient' at the start of the Iran war.
•Households responded to sharply higher gas prices by drawing down savings.
•Savings drawdowns were used 'to keep spending going', showing consumption held up despite the energy-price shock.
•The article also begins to note that businesses 'appeared t…', but the text is truncated before the full point is visible.