Reports: US Military Carried Out Strikes in Strait of Hormuz Area | Balance of Power 05/07/2026
“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Mark Esper, former US Secretary of Defense in the first Trump Administration and current Red Cell Ventures Partner, shares his insight on reports that the US has carried strikes in Iran and if this could lead to a broader resumption of conflict. Representative Joe Morelle (D-NY) voices his frustrations with Tennessee adopting a new map that eliminates the state’s only Democratic congressional seat.
Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:38 – Jeff Mason on Reports The US Military Carried Out Strikes in The Strait of Hormuz Area, Pres. Trump Gives July 4 Ultimatum to EU for Trade Deal
00:04:14 – Mark Esper, Fmr. US Sec. of Defense in First Trump Admin., on Reports US Carried Strikes in Strait, Could This Lead to Broader Resumption of Conflict
00:13:50 – Power Moves: Top Financial Stories of The Day
00:17:50 – Rep. Joe Morelle (D-NY) Shares Reaction to TN Adopting New Map Eliminating Dem. Seat, NY Redistricting Initiative
00:24:17 – Breaking News: Iran Claims US Violated Ceasefire With Targeting of Iranian Tanker According to Iran Press TV
00:24:47 – Adam Farrar Talks Impact Reported Strikes Might Have on US Iran Negotiations
00:28:22 – Breaking News: Trump’s Latest 10% Tariffs Declared Unconstitutional By US Trade Court
00:29:28 – Michael Shepard on Pentagon Blacklist Fumble Exposes Frail Trump-Xi Truce
00:33:53 – Breaking News: US Military Says It Targeted Iranian Facilities Responsible For Attacks
00:35:02 – Bloomberg One-on-One With Germany’s Foreign Minister Johann Wadephul
00:39:02 – The Debrief With Mario Parker: TN. Gov Signs Into Law New Map Eliminating Democratic Seat
00:42:41 – Political Panel React to US Iran Tensions, Pressure on Trump to End War, Redistricting Battle
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