Iran Vows to Keep Strait of Hormuz Closed | Balance of Show: Late Edition 03/12/2026

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Evelyn Farkas, former US Deputy Assistant Secretary of Defense for Russia, Ukraine and Eurasia during the Obama administration, says she’s skeptical Washington can topple Iran’s regime and should instead focus on disabling Tehran’s ability to close the Strait of Hormuz. Minneapolis Mayor Jacob Frey (D) discusses how things are in his city following the withdrawal of thousands of ICE agents who conducted aggressive immigration sweeps. Rep. Beth Van Duyne (R) Texas shares her reaction to higher gas prices and talks about why she believes legislation that has passed will decrease the price of gasoline over time. (Source: Bloomberg)