Fate of Iran Ceasefire Uncertain After Escalation | Balance of Power 07/09/2026

Published 9 July 2026 · india

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Wendy Sherman, former Deputy Secretary of State in

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Wendy Sherman, former Deputy Secretary of State in the Biden administration and lead US negotiator for the 2015 Iran nuclear deal, says diplomacy with Iran is "quite challenged" and argues recent negotiations were "never serious or as complex as they needed to be." Matt Robison, a former Democratic campaign manager and legislative director who has worked with members of Maine's congressional delegation, says Democrats are getting a chance to reset Maine's Senate race after Graham Platner suspended his campaign following a sexual assault allegation he denies.

Mike Sommers, President and CEO of the American Petroleum Institute, says oil markets have held up better than many feared during the latest US-Iran escalation. But Sommers warns prices will remain elevated as long as traffic through the Strait of Hormuz is restricted. Chapters 00:01:49 Bloomberg's Jeff Mason on US, Iran Trade Airstrikes as Fears Grow of a Return to War 00:04:54 Wendy Sherman, Deputy Secretary of State in the Biden Administration, on Fate of Iran Ceasefire Uncertain After Escalation 00:13:35 Wendy Sherman on Trump Says He Will Let Ukraine Make Patriot Missiles 00:16:06 Power Moves: Top Financial Moves 00:20:03 Matt Robison, a Democratic Campaign Manager, on Platner Suspends Maine Senate Campaign 00:25:02 The Debrief with Mario Parker: Trump’s Iran Escalation Creates GOP Headache 00:28:58 Mike Sommers, President and CEO of the American Petroleum Institute, on Hormuz Shipping Grinds to Near Halt After US, Iran Strikes 00:34:15 Mike Sommers on Idea of Suspending Federal Gas Tax 00:39:03 Political Panel Reacts: Platner Suspends Campaign, Democrats Path Narrows to Win Senate, Talarico’s $30M Haul Crushes Paxton in Texas Race 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 Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg

Television on Connect with Bloomberg Business on TikTok Reddit More from Bloomberg Bloomberg Radio Bloomberg Surveillance Bloomberg Politics Bloomberg Originals Watch more on Bloomberg Technology Bloomberg Originals Bloomberg Quicktake Bloomberg Espanol Bloomberg Podcasts