Garamendi hopes for a negotiated settlement with Iran that returns to pre-war conditions, but warns Iran has learned it can control 20% of global oil transit. He opposes the $1.5 trillion defense budget without justification, citing deficit concerns. He also criticizes the FCC's actions against ABC as a threat to democracy.

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House Armed Services Committee 8.5
Government Agency
John Garamendi 6.5
5/29/2026 2:24:21 AM
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Garamendi states Iran has learned it can control 20% of global oil transit, creating leverage. A return to pre-war conditions is uncertain, implying potential continued disruption and upward pressure on oil prices in the short term.
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The deficit is going to continue to soar as a result of these crazy budgets... That'll have an effect on the markets. It'll have an effect on interest rates.

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