Iran's Hidden Hand in the Strait of Hormuz: Former Defense Secretary Esper Warns

In this episode of "Balance of Power," former US Defense Secretary Mark Esper provides critical insight into the geopolitical tensions surrounding the Strait of Hormuz. While Esper acknowledges that the US maintains military control over the vital waterway, he cautions that Iran retains the ability to disrupt the flow of oil by threatening ships, insurers, and crews. This nuanced analysis highlights the persistent risks to global energy supplies even as the US asserts dominance. The program also features Mattie Duppler, Founder and President of Forward Strategies and spokesperson for The Ledger Project, who discusses the latest CPI report. Duppler argues that a rate hike is more likely than not after inflation came in modestly higher than expected. She emphasizes that the political impact of inflation is less about the data itself and more about how Americans experience rising prices for groceries and gas, especially as pandemic-era savings dwindle. Additionally, the show covers the intersection of politics and global business, with insights from key figures on the economic and security challenges facing the US. From the Strait of Hormuz to domestic inflation, "Balance of Power" delivers comprehensive analysis on the forces shaping markets and policy.