Trump Backs Off 20% Fee for Strait of Hormuz Shipments | Balance of Power 07/14/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Darrell Issa, Republican of California and vice chair of the House Foreign Affairs Committee, says President Trump is taking a two-track approach to Iran: pursuing peace talks while using military force to prevent Tehran from rebuilding its nuclear program or threatening its neighbors. Barbara Leaf, former US Ambassador to the UAE and former Assistant Secretary of State for Near Eastern Affairs under President Biden, says US airpower alone cannot reopen the Strait of Hormuz, adding that the only way to stop the conflict is through a negotiated end. California Attorney General Rob Bonta says the Justice Department "abdicated" its antitrust enforcement role by approving Paramount's proposed $110 billion merger with Warner Bros. Discovery, as California and 11 other states sue to block the deal. Chapters: 00:02:15 Bloomberg’s Kate Sullivan on Trump Backs Off 20% Fee for Strait of Hormuz Shipments 00:05:34 Representative Darrell Issa (R-CA) on US Resumes Naval Blockade, Strikes on Iran 00:07:47 Rep. Darrell Issa (R-CA) on Economic Cost of Continued US-Iran Conflict 00:12:22 Rep. Darrell Issa (R-CA) on House Judiciary Cmte. Releases Report on US Company Coupang 00:14:35 Power Moves: Top Financial Moves 00:17:29 Barbara Leaf, former US ambassador to the UAE, on Trump Backs Off 20% Shipments Fee in Strait 00:20:20 Barbara Leaf on Did US or Iran Restart this Conflict in the Hormuz? 00:26:27 Rob Bonta, California Attorney General, on Paramount-Warner Bros. Deal Challenged by 12 States 00:31:34 Rob Bonta on Paramount-Warner Bros. Merger Impact on American Consumers 00:32:50 Rob Bonta on NY: Gov. Hochul Signs Moratorium on Data Centers 00:38:55 Political Panel Reacts: Rare Testimony From SCOTUS Justices, Potential Govt. Shutdown, ICE Agent Fatally Shoots Man in Maine -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts