Rep. Meeks: Hormuz Shock Risks US Recession

Representative Gregory Meeks (D-NY), the top Democrat on the House Foreign Affairs Committee, says even senior lawmakers lack clarity on the administration’s Iran strategy, warning that disruption in the Strait of Hormuz would raise oil, food and fertilizer costs for Americans and could push the US economy toward a recession. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)