Former Defense Secretary Leon Panetta says the US is now trapped in another forever war in the Middle East after six months, with Iran holding leverage through the Strait of Hormuz. He argues that clearing mines has not removed Iran's control, and restricted traffic is cutting fuel supplies, raising pump and food prices and inflation. Panetta says the US must either restore diplomacy or use military force to take control of the strait. He also comments on CIA diplomacy with Russia over Ukraine and NATO.
This Bloomberg Markets video, published August 28, 2026, features Leon Panetta discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Leon Panetta · Tickers: WTI