Trump Says US is Reinstating Blockade Against Iran | Balance of Power 07/13/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Republican Senator Alan Armstrong of Oklahoma says he would support the Russia sanctions bill championed by the late Senator Lindsey Graham, saying it is in the US interest to support Ukraine and not leave the country "unsupported" in its war with Russia. Kevin Book, Managing Director at ClearView Energy Partners, says oil prices are headed higher as renewed US strikes against Iran raise fresh risks around flows through the Strait of Hormuz. Heather Conley, Nonresident Senior Fellow at the American Enterprise Institute, warns the renewal of US strikes against Iran could further strain US munitions stockpiles and air-defense capabilities. Chapters: 00:01:50 Bloomberg's Jeff Mason on Trump on Iran: We Will Hit Them Very Hard Tonight, Tomorrow 00:05:07 Senator Alan Armstrong (R-OK) on Lindsey Graham, Close Trump Ally, Dies at 71 00:08:17 Sen. Alan Armstrong (R-OK) Trump Says US is Reinstating Blockade Against Iran 00:11:14 Sen. Alan Armstrong (R-OK) Trump to Restart Iran Blockade as US Plans 20% Hormuz Charge 00:16:20 Power Moves: Top Financial Moves 00:18:12 Kevin Book, Managing Director at ClearView Energy Partners, on US: Began Launching Third Night of Strikes Against Iran 00:22:23 Kevin Book on Russia Sanctions Effect on Energy Markets 00:24:38 Bloomberg's Maggie Eastland on DC Seeks Way to Stop China From Training Its AI on US Models 00:27:33 Heather Conley, Nonresident Senior Fellow at the American Enterprise Institute, on US Launches New Strikes, Restarts Iran Blockade 00:32:30 Heather Conley on Trump to Support Russia Sanctions Advocated by Late Senator Graham 00:35:03 Bloomberg’s Steven Dennis on Senators Mourn Graham’s Sudden Death 00:38:42 Political Panel Reacts: Lindsey Graham Dies at 71, Sister of Late Sen. Lindsey Graham Appointed to Seat, South Carolina Election Commission: Special GOP Primary Aug 11 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts