Iran President Reiterates Readiness to End War | Balance of Power 03/31/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Representative Gregory Meeks (D-NY), says even senior lawmakers lack clarity on the administration’s Iran strategy, warning that disruption in the Strait of Hormuz could push the US economy toward a recession. American Petroleum Institute President and CEO Mike Sommers says a prolonged closure of the Strait of Hormuz would keep global oil prices elevated and drive continued pain at the pump for US consumers, emphasizing that reopening the waterway is critical to stabilizing costs.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:51 – Tyler Kendall on What is the Message From the White House So Far on Iran, Judge Says White House Ballroom Likely Violates Law
00:05:42 – Power Moves: Top Financial Stories of the Day
00:08:21 – Rep. Gregory Meeks (D-NY) Talks Lack of Clarity on Trump Admin’s Iran Strategy, What Strait of Hormuz Disruption Could Mean
00:18:29 – Mike McGlone on Oil Falls on Signs From US, Iran on War Resolution Openness
00:19:50 – Mike Sommers, American Petroleum Institute Pres. & CEO, Talks Potential Impacts From A Prolonged Closure of the Strait of Hormuz
00:26:43 – Political Panel React to Iran President Reiterates Readiness to End War, What’s Next With Strait of Hormuz, Trump Calls on Allies to Seize Hormuz
00:35:41 – Power Brief: Top Stories Watching Tonight
00:37:17 – President Trump Speaks Live at the White House
00:48:16 – Joe Mathieu & Kailey Leinz Summarize Pres. Trump Q&A
——–
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: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts