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US Touts Iran Deal Prospects Amid Fresh Tensions in Hormuz | Balance of Power
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May 26, 2026
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41:18Now PlayingInsight & analysis on the White House and Capitol Hill.
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The US is touting progress toward a peace deal with Iran to end the nearly three-month war, even amid fresh hostilities and uncertainty over the vital Strait of Hormuz.
Security in the crucial energy waterway remained unclear Tuesday after the two sides exchanged strikes overnight and US Central Command pushed back on reports that suggested the military was helping escort vessels.
The renewed clashes occurred just hours after US President Donald Trump said negotiations with Tehran to extend their ceasefire and reopen the strait are proceeding. Secretary of State Marco Rubio has cautioned that any deal would likely take a few days to finalize.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Washington Correspondent Tyler Kendall.
Former State Department Official Heather Conley.
Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and BGR Group Principal Lester Munson.
Lockheed Martin President for Missiles and Fire Control Tim Cahill.
Bloomberg Texas Bureau Chief Julie Fine.
Director of the Texas Politics Project and the University of Texas at Austin Dr. James Henson.
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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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