Trump Says US is Reinstating Blockade Against Iran | Balance of Power: Late Edition 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, Resident 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. (Source: Bloomberg)