Panetta on War Costs, Hormuz Strategy, US Role

Former US Defense Secretary Leon Panetta discusses the rationale for additional supplemental funding amid ongoing operations in Iran, the challenges of replenishing US military supplies, and the strategy required to reopen the Strait of Hormuz. He also addresses the potential need for sustained military presence, including air and possible ground operations, and the broader economic and political implications of the conflict. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)