Sen. Steve Daines on energy prices: This is a short-term price for 'tremendous long-term benefits'

Watch on YouTube ↗  |  April 15, 2026 at 13:22  |  6:20  |  CNBC
Speakers

Summary

Senator Steve Daines discusses the geopolitical conflict with Iran, its impact on energy prices, and the resilience of U.S. energy markets. He argues high oil prices are a short-term cost for long-term strategic benefits from domestic energy production. The conversation also covers political gridlock over funding the Department of Homeland Security and the Republican electoral outlook.

  • Senator Daines comments on efforts to stop the war in Iran and its 47-year history.
  • He discusses volatility in oil and energy markets following the conflict.
  • Daines expresses confidence that current high oil and gas prices are short-term and will stabilize.
  • He highlights the resilience of U.S. energy markets due to 'made in America' policies.
  • The senator criticizes Democrats for not funding the Department of Homeland Security, calling it a partisan issue.
  • Daines outlines Republican achievements on border security and tax cuts for working families.
  • He addresses political headwinds for Republicans in the upcoming November elections.
  • The interview touches on economic indicators like the S&P 500 and bond market behavior.
Trade Ideas
Steve Daines 1:01
High oil prices are short-term; U.S. energy resilient.
The current high oil and gas prices are a short-term price to pay for tremendous long-term benefits from U.S. energy policy and resilience. The conflict with Iran has caused a spike, but the markets are resilient due to 'made in America' energy, and prices will restabilize and come back down, yielding long-term dividends.
WTI HIGH
Steve Daines 2:22
U.S. energy sector offers long-term benefits.
The U.S. energy sector is resilient and will yield tremendous long-term benefits due to the push for 'made in America' energy and the leadership's policies, which provide stability even during geopolitical disruptions like the blockade of the Strait of Hormuz.
XLE HIGH
Up Next
3:17
Can the Oil Market Move On From Iran War and Hormuz Blockade?
Bloomberg Markets · Apr 15
12:55
Is Middle East Unrest Driving Wealth Back to Europe?
Bloomberg Markets · Apr 15
1:50
BofA Equity Traders Post Record Quarter on Market Volatility
Bloomberg Markets · Apr 15
10:23
Rogoff Says Markets Are Naive to Think Mission Accomplished in Iran War
Bloomberg Markets · Apr 15
1:40
Morgan Stanley Stock Traders See Record-Breaking Quarter
Bloomberg Markets · Apr 15

This CNBC video, published April 15, 2026, features Steve Daines discussing WTI, XLE. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Steve Daines  · Tickers: WTI, XLE