Trump Floats Iran Strike, Blockade | Balance of Power 7/8/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the NATO summit in Ankara. On today's show, Carnegie Endowment Senior Fellow Aaron David Miller, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former Republican Congressman Patrick McHenry. Chapters 00:00:00 Balance of Power: Early Edition  00:02:20 Market Update: Stocks Fall, Oil Surges 00:04:20 Trump's Iran Strategy & Nuclear Talks 00:06:30 NATO Summit Overshadowed by Iran 00:07:45 Ukraine to Produce Patriot Missile Systems 00:11:30 Aaron David Miller on the Future of the Iran Conflict 00:13:20 Can Iran Still Build a Nuclear Weapon? 00:16:20 Strait of Hormuz: Iran's New Leverage 00:19:00 Market Update: Oil, Airlines & AI Stocks 00:21:10 Trump Returns on the Old Air Force One 00:22:50 Political Panel: Is the Iran Ceasefire Dead? 00:29:30 Russia's Diesel Export Ban & Global Energy Risks 00:32:35 Market Update: Tech Recovers as Oil Stays Elevated 00:38:20 Patrick McHenry on Energy Prices & the Midterms 00:41:55 Maine Senate Race Faces New Uncertainty 00:47:10 Graham Platner's Political Future -------- 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