Trump: We Have 'Total Control' of the Strait of Hormuz | Balance of Power 04/23/2026

Summary

The episode covers the ongoing U.S.-Iran standoff over the Strait of Hormuz, with President Trump asserting control and a willingness to wait for a deal. Senator Hagerty and Representative Krishnamoorthi offer opposing views on the conflict's economic impact, while John Bolton advocates for regime change. The show also discusses Intel's earnings-driven rally, the DOJ's reclassification of medical marijuana, and political developments including the gold card visa program.

• President Trump says U.S. has 'total control' of the Strait of Hormuz and is willing to wait for a deal with Iran.
• Senator Bill Hagerty argues Iran faces a breaking point as oil storage fills, giving the U.S. leverage.
• Representative Raja Krishnamoorthi calls the conflict a 'colossal disaster' and warns of economic pain from high energy prices.
• John Bolton argues the U.S. should take time to overthrow the Iranian regime rather than accept a ceasefire.
• Intel shares surged 18% after earnings on optimism about CPU demand and a foundry strategy.
• The DOJ officially reclassified medical marijuana as a less dangerous drug, drawing mixed reactions.
• Only one gold card visa has been approved so far under the program launched by President Trump.
• Political panelists discuss upcoming primaries and potential staff shakeups after the midterms.