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The US Is Running Out of Weapons It Needs Most | Balance of Power: Late Edition 08/11/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Wendy Sherman, former US deputy secretary of state, weighs in on the hardening rhetoric between the US and Iran with a stark warning: "For the foreseeable future, if not forever, Iran will control the Strait of Hormuz." Representative Jennifer McClellan (D-VA) says she has yet to hear back from House Speaker Mike Johnson after calling for hearings with major AI executives, and acknowledges Democrats have limited ability in the minority to compel them to testify. US Air Force General (Ret.) Charles Wald pushes back on concerns that the US has depleted too much of its advanced weapons stockpile, saying the military remains in “pretty good shape” and can provide air cover over the Strait of Hormuz "indefinitely." (Source: Bloomberg)