Trump Curbs Iran’s Unfrozen Funds | Balance of Power 6/22/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news from the Trump Administration. On today’s show, American Petroleum Insitute President Mike Sommers, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and States Project Co-Founder Daniel Squadron.

Chapters:
00:00:00 – Balance of Power: Early Edition
00:01:33 – Strait of Hormuz, Energy Security & Rubio’s Middle East Trip
00:02:05 – Strategic Petroleum Reserve & U.S. Energy Policy
00:02:24 – Market Open: Tech Selloff, AI Concerns & Oracle Cuts
00:04:15 – Iran Sanctions Relief Debate & Frozen Assets
00:07:15 – Trump Administration’s Iran Strategy
00:10:30 – Mike Sommers on U.S. Energy Security & Domestic Production
00:16:45 – Supply Chains, Infrastructure & Critical Resources
00:23:00 – Political Roundtable: Iran Deal Implications
00:24:45 – Trump Messaging, Campaign Politics & Economic Narrative
00:32:38 – Space Stocks, SpaceX & Growth Themes
00:35:15 – Market Check: Bonds, Big Tech & Risk Appetite
00:39:02 – Inflation, Affordability & Voter Priorities
00:42:30 – Technology Sector Outlook & AI Spending Questions
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