US Military Hits Targets Near Iran’s Kharg Island

"Balance of Power" focuses on the intersection of politics and global business. On today's show, Michael Allen, former special assistant to President George W. Bush in the National Security sector, says the US is taking its economic pressure campaign against Iran “right to the jugular,” describing Kharg Island as the “Achilles’ heel of the Iranian oil system.” Greta Peisch, former general counsel for the Office of the United States Trade Representative, says the US and Canada are showing restraint in their trade dispute, with critical and sensitive sectors remaining untouched despite room for further escalation. Rep. Debbie Wasserman Schultz (D-FL), senior member of House Appropriations Committee and former Chair of the DNC, says she has serious differences with Abdul El-Sayed, but argues Mike Rogers would be a “rubber stamp” for President Donald Trump. Chapters: 00:01:30 Bloomberg's Kate Sullivan on US Strikes Target Iran’s Oil Infrastructure 00:04:14 Michael Allen, Former Special Assistant to President George W. Bush in the National Security Sector, on US Strategy Against Iran 00:09:12 Michael Allen on China, Russia and Iran Pressure Campaigns 00:11:03 Michael Allen on Prospects for Russia-Ukraine Diplomacy 00:12:51 Power Moves: Top Financial Moves 00:16:29 Bloomberg's Thomas Seal on Canada Hits US With Retaliatory Tariffs 00:18:48 Greta Peisch, Former General Counsel for the Office of the United States Trade Representative, on Future of US-Canada Trade Relations 00:24:40 Abdul El-Sayed, Michigan Senate Candidate, on Economy, Israel 00:29:23 Rep. Debbie Wasserman Schultz (D-FL) on Democrats’ Midterm Strategy 00:33:04 Rep. Debbie Wasserman Schultz (D-FL) on Democrats Focus on Affordability, Housing 00:34:49 Rep. Debbie Wasserman Schultz (D-FL) on National Debt and Deficit Spending 00:39:31 Bloomberg's Julie Fine on GOP Convention Preview From Dallas 00:41:14 Political Panel Reacts: GOP Fundraising and Midterms, Progressive Candidates, and Democratic Strategy -------- 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