Republicans are largely unfazed by roiling stock markets and rising prices at the pump from the Iran war, even as the economic volatility threatens to weigh down the GOP in the midterm elections.

The party is forging ahead with a fingers-crossed strategy that stocks will stabilize and increasing gasoline prices will eventually fall, but Congress remains at the whims of a president and administration officials as they offer conflicting accounts of the war’s progress and how long it may last.