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Cook Says Saudi Arabia Is in a ‘Vulnerable’ Position

Steven Cook, senior fellow for Middle East and Africa studies at the Council on Foreign Relations, says Saudi Arabia made a “grave miscalculation” in confronting the Houthis and now finds itself in an “extraordinarily strategically vulnerable position.” Cook says the situation gives Iran another source of leverage, raises questions about US reliability as a regional security partner, and could contribute to a continued rise in diesel and other refined product prices if no agreement is reached over passage through the Strait of Hormuz. He speaks with Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)