Trump: We Have ‘Total Control’ of the Strait of Hormuz | Balance of Power: Late Edition 04/23/2026

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Bill Hagerty (R-TN) says President Trump “has all the cards” in Iran negotiations and warns Tehran’s oil storage constraints could become a near-term breaking point. Representative Raja Krishnamoorthi (D-IL) calls the conflict with Iran a “colossal disaster,” warning Tehran now has a “chokehold” on global energy via the Strait of Hormuz. John Bolton, former US National Security Advisor and former US Ambassador to the United Nations, argues the US should take the time necessary to overthrow the regime in Iran. (Source: Bloomberg)