Sen. Shelley Moore Capito on the Iran war, fate of DHS funding and SAVE Act

Watch on YouTube ↗  |  March 24, 2026 at 13:57  |  10:53  |  CNBC

Summary

  • Senator Capito believes U.S.-Iran negotiations are in earnest and progressing, aimed at de-escalating and defanging Iran's military capabilities.
  • Key objective is reopening the Strait of Hormuz to restore global oil commerce and ensure safety, as it economically impacts many nations.
  • Iran's missile arsenal is more extensive than previously known, highlighted by a recent 2500-mile range missile launch.
  • On DHS funding, a deal is nearing that would fund all departments except certain ICE functions, which are already forward-funded for three years.
  • The ongoing shutdown has endangered homeland security, cyber security, Coast Guard operations, and disrupted fentanyl and child trafficking investigations.
  • Voter ID has broad public support (80% in a poll), and Senator Capito supports it, opposing the removal of the filibuster for this issue.
  • Uncertainty remains regarding Iran's sincerity in negotiations and the final terms, including nuclear fuel and potential regime change.
  • Democrats' demands on DHS funding are fluid, with changing conditions, but a resolution is critical to end the 39-day shutdown.
Trade Ideas
Shelley Moore Capito Republican Policy Committee Chair 6:10
Senator Capito explicitly stated that the Strait of Hormuz is key for global oil commerce and safety, and reopening it would provide significant economic relief. If U.S.-Iran negotiations succeed, the strait could reopen, reducing oil supply disruptions and stabilizing global oil markets. WATCH for developments in negotiations, as progress could lead to lower oil price volatility and benefit oil-dependent economies. Negotiations could fail if Iran does not agree to terms, or if other geopolitical factors intervene.
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This CNBC video, published March 24, 2026, features Shelley Moore Capito discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Shelley Moore Capito  · Tickers: WTI