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

Published 14 July 2026 · india

"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

"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?

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