"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Leon Panetta, Former Defense Secretary under the Obama Administration, says Tehran’s control of the Strait gives it significant leverage and is driving inflation and fuel costs, making it central to negotiations. Rep. Debbie Wasserman Schultz (D-FL) points to unresolved fighting in Lebanon and the still-closed Strait of Hormuz as key challenges facing any broader agreement with Iran.

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