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

By Bloomberg Television

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"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

Tags: Airstrikes, Alan Armstrong, American Enterprise Institute, China, Congress, Crude Oil, Darline Graham, Donald Trump, Economy, Gas Prices, Heather Conley, Iran, Jeanne Shaheen, Jeff Mason, Joe Mathieu, Kailey Leinz, Kevin Book, Lindsey Graham, Maggie Eastland, NATO

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